Record to Report Suite
Cut close time by 30% with automated reminders, checklists, and real-time dashboards for improved visibility and control.
Streamline task management to achieve a 40% increase in close productivity.
Prompts & Document Sharing. Automate reminders and centralize task evidence. More
Pre-Built Templates & Calculations. Schedule, calculate, and track multiple accruals. More
Instant Budget Discrepancies. Automatically identify and analyze G/L variances vs. budget. More
Custom Cash Posting Rules. Accurately map bank transactions to GL accounts. More
100% SOX Checklist Completion. Automate testing and control with segregation of duties. More
95% Journal Auto-Posting. LiveCube-enabled journal entry preparation and posting to ERP. More
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VALUE
Financial Close 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. Blackline, Floquast, Trintech) | |
Close Checklists
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Close Progress Dashboards
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Livecube Task Automation
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Advanced Dunning
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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.
Say bye to data mismanagement, human errors, and accounting omissions to bring in trust, compliance, and consistency to your reporting. More
With seamless communication on an integrated platform, get complete visibility on the status of your month-end close and reconciliation processes. More
With hyperdata centralization and automation, say bye to manual and time-intensive data processing tasks across your accounting processes. More
HighRadius financial close 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.
The implementation time for HighRadius financial close 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.
HighRadius financial close 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.
HighRadius financial close solutions integrate with any ERP to automatically post journal entries for updating final GL balances. You can use existing templates to create journal entries wherein all transaction details are already auto-populated to make the process more efficient.
HighRadius financial close management software has ‘task logs’ to help track all changes made to every close task in chronological order. Additionally, accountants can add all collaterals – supporting documents, comments, and web links – to their task for auditors to have all information handy.
