Anomaly Management

Anomaly Resolution

One Collaborative Space. Defined workflows for accounting teams to resolve anomalies efficiently.

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Key Features

AI-based E-Mail Remittance Capture

Automated Corrective Suggestions

Automated suggestions for resolution and correcting journal entries for some anomaly patterns to expedite the close process.

AI-based E-Mail Remittance Capture

Anomaly Workflow

A complete workflow for anomaly resolution by enabling managers to assign anomalies to users and send notifications for taking action.

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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