Record to Report Suite

Balance Sheet Reconciliation Software

Automate 80% of reconciliations with AI matching, configurable templates, auditable workflows, and real-time reporting.

Achieve up to 90% transaction auto-match rate and 95% journal posting automation.

Balance Sheet Reconciliation Software

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Financial Close Datasheet

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Key Modules

Bank Reconciliation

Bank Reconciliation

80% Reconciliation Automation. Auto-reconcile bank and cash data across all sources. More

Prepaid Expense Reconciliation

Prepaid Expense Reconciliation

100% Expense Recognition Accuracy. Amortization schedule and reconcile prepaid expenses. More

Allowance Reconciliation

Allowance Reconciliation

Provision Calculation. Calculate AR allowance against aged AR and adjust bad debt reserves. More

Fixed Assets Reconciliation

Fixed Assets Reconciliation

100% Visibility of Depreciation. Auto-reconcile and validate assets and depreciation with ERP data. More

Transaction Matching

Transaction Matching

90% Auto-Match Rate. AI/ML-powered matching with customizable rules. More

Automated Journal Posting

Automated Journal Posting

95% Journal Posting Automation. LiveCube-enabled journal entry preparation and posting to ERP. More

PRODUCT

Key Modules

  • Bank Reconciliation
  • Prepaid Expense Reconciliation
  • Transaction Matching
  • Automated Journal Posting

VALUE

Improve Operational KPIs

  • 90% Transactional Auto Match Rate
  • 80% Reconciliation Automation
  • 95% Journal Posting Automation
  • 100% GL Accounts Coverage

Deliver Business Outcomes

  • 50% Reconciliation Productivity Improvement
  • 30% Reduction in Days to Reconcile
  • 99% Reconciliation Accuracy
  • 100% Expense Recognition Accuracy

Key Modules

  • Bank Reconciliation
  • Prepaid Expense Reconciliation
  • Transaction Matching
  • Automated Journal Posting

Improve Operational KPIs

  • 90% Transactional Auto Match Rate
  • 80% Reconciliation Automation
  • 95% Journal Posting Automation
  • 100% GL Accounts Coverage

Deliver Business Outcomes

  • 50% Reconciliation Productivity Improvement
  • 30% Reduction in Days to Reconcile
  • 99% Reconciliation Accuracy
  • 100% Expense Recognition Accuracy

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One AI Balance Sheet Reconciliation 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 Balance Sheet Reconciliation Software Tool Overview

Collections Flow Diagram

FAQs: AI-Powered Balance Sheet Reconciliation Software Solutions

Does HighRadius balance sheet reconciliation software integrate with ERPs?

HighRadius balance sheet reconciliation 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 balance sheet reconciliation software?

The implementation time for HighRadius balance sheet reconciliation 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 balance sheet reconciliation software handle data security and privacy?

HighRadius balance sheet reconciliation 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.

How does HighRadius balance sheet reconciliation software handle your fixed assets?

HighRadius balance sheet reconciliation software provides a comprehensive view of fixed assets, including cost, depreciation schedules, and remaining value. It generates tailored depreciation schedules, integrates with ERPs, tracks depreciation, and automates journal postings.

How does SAP open item clearing work in HighRadius balance sheet reconciliation software?

HighRadius balance sheet reconciliation software automates SAP open item clearing by matching transactions in G/L accounts with the OIM flag. It imports and splits G/L data, uses a customizable rule engine for matching, and handles exceptions manually. A multi-level approval workflow ensures review before posting cleared transactions back into SAP.