Anomaly Management

Suggested General Ledger Corrections

80% Anomalies Resolved. Automated suggestions for resolution and correcting journal entries.

Anomaly-Management-module

Key Features

AI-based E-Mail Remittance Capture

Reclass to Correct GL

Get automated suggestions for posting journal entries to reclassify transactions to the correct GL account.

AI-based E-Mail Remittance Capture

Reclass to Correct Department

Get automated suggestions for posting journal entries to reclassify transactions to the correct department or cost center.

AI-based E-Mail Remittance Capture

Reverse & Re-Post to Correct Legal Entity

Auto-reverse original entry and create a corrective one when anomalies with different legal entities are accepted.

AI-based E-Mail Remittance Capture

Reverse & Re-Post to Correct Combination

Auto-reverse the original entry and create a corrective one when anomalies across GL accounts or departments are resolved.

Trusted by 1000+ Global Businesses across Enterprise & Mid-Market

HighRadius Global Business Logos
HighRadius Global Business Logos

Recommended Resources

Free Bank Reconciliation Template

Free Bank Reconciliation Template

Download this template to automate matching records in your cash book with the corresponding data on bank statements.

Download the Ebook
The Reality of Implementing AI in Record-to-Report

Implementing AI in Record to Report

Learn about the ROI of plugging Al into accounting processes along with two real-life implementation stories who benefited with Al.

Download the Ebook
Product Tour

Product Tour

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

Take the Tour

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 financial consolidation software handle multiple currencies and reporting standards?

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.