Record-to-Report Suite

Account Reconciliation

Leverage out-of-the-box AI transaction matching rules to analyze large volumes of data with accuracy.

Achieve up to 90% accuracy and reduce assignment time by 80%.

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AI-Based Credit Management Software

Key Modules

AI-based E-Mail Remittance Capture

Reconciliation Checklist

Task Automation. Workflows, checklists, backup documents, and automated certification. More

AI-based E-Mail Remittance Capture

Transaction Matching

AI/ML-Powered Matching. Configurable rules to get a list of matched and unmatched items. More

AI-based E-Mail Remittance Capture

Journal Entry Management

Automatic Journal Posting to ERP. Pre-configured Excel templates with information for audits. More

AI-based E-Mail Remittance Capture

AI-Powered Anomaly Detection

Real-Time Anomaly Alerts. Address discrepancies early rather than waiting until month-end. More

AI-based E-Mail Remittance Capture

Substantiation

Automatic Balance Fetching From ERP. Provide evidence with templates and summaries.

AI-based E-Mail Remittance Capture

Generative AI via FreedaGPT

Automate Month-End Reports. Intelligently automate insights to track reconciliation progress. More

Additional Modules | Pricing Deductions Research Automation | Shortage Deductions Research Automation

PRODUCT

Key-points

  • Reconciliation Checklist
  • Transaction Matching
  • Account Substantiation
  • Journal Entry

VALUE

Improve Operational KPIs

  • Faster Reconciliations
  • Fewer aged open items
  • Item matching hit-rate

Deliver Business Outcomes

  • Time Reduction by 30%
  • Match-rate upto 90%

Key Modules

  • Reconciliation Checklist
  • Transaction Matching
  • Account Substantiation
  • Journal Entry

Improve Operational KPIs

  • Faster Reconciliations
  • Fewer aged open items
  • Item matching hit-rate

Deliver Business Outcomes

  • Time Reduction by 30%
  • Match-rate upto 90%

Trusted By The Best Accounting Teams Around The Globe

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One AI-Powered Platform For All Accounting Roles

Accounting Managers

Say bye to data mismanagement, human errors, and accounting omissions to bring in trust, compliance, and consistency to your reporting.
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Controllers

With seamless communication on an integrated platform, get complete visibility on the status of your month-end close and reconciliation processes. Read More

CFOs and CAOs

With hyperdata centralization and automation, say bye to manual and time-intensive data processing tasks across your accounting processes.
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HighRadius Account Reconciliation Overview

Collections Flow Diagram

Frequently Asked Questions

HighRadius is an ERP agnostic software that seamlessly integrates with all major ERPs like SAP, Microsoft Dynamics 365, Oracle, NetSuite, Sage Intacct, Workday, etc.

HighRadius' industry-defining Speed to Value methodology ensures faster time to implementation and quicker ROI (in 3 to 6 months).

HighRadius utilizes 100+ algorithms to match items and provide a list of all unreconciled items for accountants/analysts to check. Also, its AI-powered anomaly detection software analyzes 12 to 18 months of historical data to automatically detect errors and omissions.

HighRadius' account reconciliation software provides a list of all corresponding transactions for all reconciliation tasks and an option to add attchments to ensure information is properly documented. Also, task logs maintain a clear audit trail that facilitates regulatory reporting.

We partner with banks and financial institutions to automatically capture payment information from all the industry-standard bank payment files and formats.

Our account reconciliation software has all the necessary compliances and accreditations required to keep your data confidential and safe, including GDPR, HIPAA, SOC 1 Type 2, SOC 2 Type 2.

Bank reconciliations can be automated with an account reconciliation software like HighRadius that automatically matches the company's recorded transactions in ledgers with its bank statements. It also has templates for creating journal entries to adjust for differences like outstanding checks or deposits in transit.

Account reconciliation software automates the process of comparing financial records, such as ledger entries and bank statements, to ensure accuracy and consistency. It identifies discrepancies, streamlines the reconciliation process, improves compliance, and enhances reporting efficiency.