Anomaly Management

Anomaly Detection

30% Faster Close. Find discrepancies automatically with AI-based alerts for potential anomalies.

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Key Features

AI-based E-Mail Remittance Capture

AI-based Identification of Incorrect GL Postings

Generate alerts for potential incorrect GL postings in your ERP data using machine learning capabilities.

AI-based E-Mail Remittance Capture

AI-based identification of missed GL Postings

Generate alerts for potential missed GL Postings in your ERP data using machine learning capabilities.

AI-based E-Mail Remittance Capture

Anomaly Listing

View all the anomalies marked by the anomaly engine and make it available as a work list for the managers to take action on.

AI-based E-Mail Remittance Capture

User Feedback-Based Self-Learning

Automated feedback loop for improved anomaly detection and reduction of false positives over time.

Trusted By The Best Accounting Teams Around The Globe

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Recommended Resources

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[Excel Template] Anomaly Management Dashboard

Download this template to manage and assign your accounting anomaly tasks along with recording evidence for the resolution of errors and omissions.

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Product Tour

Get a guided tour of the HighRadius financial close management, account reconciliation, and anomaly management software.

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AI Demystified for Detecting Errors and Omissions in the Monthly Financial Close Process

Learn about the right approach to apply AI for validating account balance and transactions and the difference between 'rules' and 'algorithms.'

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FAQs: AI-Powered Anomaly Management & Detection Software

Does HighRadius anomaly management software integrate with ERPs?

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

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

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

What kinds of anomalies does HighRadius anomaly detection software flag?

HighRadius flags 10 types of errors and 2 types of omissions that accounting teams commonly find during reconciliation and financial close. Some examples are discrepancies in ledgers, unbalanced accounts, missing entries, and irregular transaction patterns.

Does HighRadius anomaly management software integrate with banks?

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

What role does AI play in anomaly detection?

AI plays a crucial role in anomaly detection by using advanced algorithms and machine learning to identify irregular patterns and outliers in data. It enhances the precision and speed of detecting anomalies, reduces false positives, and adapts to new patterns over time.

How does HighRadius’ AI-powered anomaly detection software help in the financial close process?

HighRadius’ AI-based algorithms extract 12 to 18 months of historical data from your ERP and analyze it to identify patterns. If some transactions don’t fit the patterns, they are flagged as anomalies in worklists along with suggestive actions to resolve them. AI-powered detection significantly speeds up the close process and improves the accuracy of the financial reports.

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Schedule your 30 minute personalized demo for a live walkthrough of our Autonomous Finance capabilities.