AI agents automate 80% of intercompany AR/AP reconciliations, identify exceptions for review, creation of journal entries and facilitate global netting and settlements.
Improve intercompany productivity by 50%
Reduction in reconciling balance by 30%
Companies can upload 2,000+ Excels to the R2R Agent Builder, which converts them into 200+ agents—one for each close and consolidation use case.
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Say bye to data mismanagement, human errors, and accounting omissions to bring in trust, compliance, and consistency to your reporting. More
With seamless communication on an integrated platform, get complete visibility on the status of your month-end close and reconciliation processes. More
With hyperdata centralization and automation, say bye to manual and time-intensive data processing tasks across your accounting processes. More
HighRadius intercompany management software offers a flexible solution, seamlessly integrating with major ERPs like SAP, Microsoft Dynamics 365, Oracle, NetSuite, Sage Intacct, and Workday. This adaptability ensures the effortless extraction of data from GL accounts for reconciliation, facilitating a timely close. Moreover, the system must send journal entries back to the ERP in the supported format.
The implementation time for HighRadius intercompany management software varies based on the complexity of your organization’s requirements. However, our Speed to Value methodology guarantees swift implementation and ROI realization within 3 to 6 months.
HighRadius intercompany management software, prioritizes your data security and privacy, meeting key compliance standards such as GDPR, HIPAA, SOC 1 Type 2, and SOC 2 Type 2. This ensures that your data remains confidential and secure, giving you peace of mind while managing your finances.
HighRadius daily revenue reconciliation software simplifies franchise/royalty reconciliation by integrating with POS systems and ERPs. It automatically imports sales reports and AR subledger data, calculates royalty amounts, and matches them using customizable rules. The software flags relevant revenue, applies royalty rates, and produces periodic reports to ensure accurate reconciliation.
HighRadius intercompany management simplifies intercompany dispute resolution by offering a structured workflow to handle discrepancies. Users can raise inquiries for issues like billing errors, submit correction requests, and track resolutions. Each issue gets a unique ID and is directed to the right team, ensuring efficient handling.
HighRadius’ intercompany management software automates netting and settlement by reviewing and netting transactions between business units. It manages profiles for entities, countries, and currencies, integrates with systems for accurate data and currency conversion, and follows rules for netting and aggregation.
Manual intercompany reconciliation is time-consuming, error-prone, and creates bottlenecks during financial close. Automation eliminates repetitive data matching, flags discrepancies in real time, and significantly reduces the time finance teams spend chasing down mismatches across entities, freeing them up for higher-value analysis.
The most common pain points include data inconsistencies across ERP systems, delays caused by time zone and currency differences between entities, lack of a centralized view of intercompany positions, and difficulty tracking dispute resolution. These issues compound during month-end or year-end close, creating significant pressure on finance teams.
Automated reconciliation tools continuously match transactions throughout the period rather than leaving everything to close time. This means discrepancies are caught earlier, journal entries are auto-generated, and teams aren’t scrambling in the final days. Companies typically reduce their close cycle by several days as a result.
Yes. This is one of the core reasons companies adopt reconciliation software. A good platform connects with multiple ERPs (SAP, Oracle, NetSuite, Workday, etc.) simultaneously, normalizes the data, and reconciles across systems regardless of where each entity books its transactions.
Automation handles currency conversion using real-time or configurable exchange rates, applies consistent conversion rules across entities, and flags any FX-related discrepancies for review. This eliminates the manual effort of tracking currency differences and reduces the risk of settlement errors.
Absolutely. In fact, high volume is where automation provides the most value. Rule-based matching engines can process thousands of intercompany transactions in minutes, something that would take a team of accountants days to do manually.
Both benefit, though the triggers differ. Large enterprises deal with volume and complexity across many entities; mid-market companies often struggle with limited finance headcount trying to manage intercompany manually. Automation scales to fit both scenarios and typically delivers a strong ROI regardless of company size.
