Record to Report Suite

Anomaly Management Software

Transition to a continuous close by resolving 80% of anomalies with AI/ML alerts identifying errors and omissions in ERP data.

Achieve 100% transparency with AI insights and an anomaly dashboard for real-time visibility.

Anomaly Management Software

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Financial Close Datasheet

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Key Modules

GL Posting Errors

GL Posting Errors

Detect Errors Instantly. Automated alerts for potential incorrect GL postings. More

GL Posting Omissions

GL Posting Omissions

Detect Missing Postings. AI-powered alerts for real-time detection of missing GL postings. More

Duplicate Data Entry

Duplicate Data Entry

Eliminate Duplicate Entries. Prevent duplicate invoices, payments, and sales in ERP. More

Suggested GL Corrections

Suggested GL Corrections

80% Anomalies Resolved. AI-driven suggestions for correcting journal entries. More

Anomaly Workflow

Anomaly Workflow

70% Anomalies Closed. Assign, review, and add feedback with real-time visibility. More

Anomaly Progress Dashboard

Anomaly Progress Dashboard

30% Faster Reconciliation. Custom dashboards & reports to track anomaly resolution progress. More

PRODUCT

Key Modules

  • GL Posting Errors
  • GL Posting Omissions
  • Anomaly Workflow
  • Anomaly Progress Dashboard

VALUE

Improve Operational KPIs

  • 80% Anomalies Resolved
  • 70% Anomalies Closed
  • 30% Anomalies Ignored

Deliver Business Outcomes

  • 50% Improved Reconciliation Productivity
  • 30% Reduction in Days to Close
  • 30% Reduction in Days to Reconcile
  • 100% Financial Reporting Accuracy

Key Modules

  • GL Posting Errors
  • GL Posting Omissions
  • Anomaly Workflow
  • Anomaly Progress Dashboard

Improve Operational KPIs

  • 80% Anomalies Resolved
  • 70% Anomalies Closed
  • 30% Anomalies Ignored

Deliver Business Outcomes

  • 50% Improved Reconciliation Productivity
  • 30% Reduction in Days to Close
  • 30% Reduction in Days to Reconcile
  • 100% Financial Reporting Accuracy

HighRadius Vs. The Competition

Anomaly Management Software Feature Comparison

HighRadius ERP Vendors(e.g. SAP, Oracle) Niche Players(e.g. Blackline, FloQast, Trintech) Niche Players(e.g. Esker, Billtrust) Niche Players(e.g. Esker, Billtrust)

Anomaly Detection

  • AI-based anomaly detection
  • Tailored anomaly detection algorithms

Anomaly Resolution

  • Automated anomaly resolution recommendations
  • Maker checker workflow

Anomaly Progress Dashboard

  • Out-of-the-box reports
  • Self serve analytics

Advanced Dunning

  • Bulk correspondences with customizable templates
  • Smart payment links within emails

Disclaimer: Feature comparison is based on each vendor’s most recent and modern version available as of February 1st, 2024. Information is based on data collected from public websites and forums, analyst papers, and product datasheets as of February 1st, 2024.

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One AI-Powered Anomaly Software 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. More

Controllers

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

CFOs and CAOs

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

HighRadius Anomaly Detection Software Overview

Collections Flow Diagram

FAQs: AI-Powered Anomaly Management Software Solutions

Does HighRadius anomaly management software integrate with ERPs?

HighRadius anomaly 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.

How much time does it take to implement HighRadius anomaly management software?

The implementation time for HighRadius anomaly 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.

How does HighRadius anomaly management software handle data security and privacy?

HighRadius anomaly 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.

Can HighRadius anomaly management software prevent duplicate data entry?

Yes, HighRadius anomaly management software can prevent duplicate data entry using advanced machine learning capabilities. The software scans transactions in real-time to detect and flag potential duplicates, such as invoices, payments, or sales entries, that may have been recorded more than once.

Does HighRadius anomaly management software give you a bird's eye view of potential anomalies?

Yes, HighRadius anomaly management software features a dashboard that offers a clear view of potential reporting issues. It tracks and analyzes anomalies with reports and visualizations, showing anomaly count, categorizing them by type, and reviewing their status. The dashboard also displays trends in detection accuracy and potential financial impacts, enabling proactive issue resolution.