Record to Report Suite

Financial Close Management Software

Reduce peak load and gain control of your month-end close process using LiveCube automation. Track progress with Close Progress Dashboards.

Reduce days to close by 30%.

Desktop with Black Screen
AI-Based Credit Management Software

Financial Close Software Modules

AI-based E-Mail Remittance Capture

LiveCube Task Automation

Customizable Template Setup for Data Extraction & Transformation. Big data-backed platform integrated to automate your month close computation and journal output creation.

AI-based E-Mail Remittance Capture

Journal Entry Management

Automated Journal Entry Preparation & Posting to ERP. Automated journal preparation and posting by customizing LiveCube templates as per the choice of system of records.

AI-based E-Mail Remittance Capture

Close Progress Dashboards

Track Progress of All Tasks in One Place. Customizable dashboards and automated out-of-the-box reports for tracking close progress.

AI-based E-Mail Remittance Capture

Maker Checker Workflow

Multi-Level Approval Workflow. Put a check on items that need to be monitored and segregate the duties among the ones responsible with customized task workflow.

AI-based E-Mail Remittance Capture

Close Checklists

Streamlined Close Process. Checklist templates, close task worklists and collaterals for an efficient close along with automated task logs for audit purposes.

Additional Modules | Pricing Deductions Research Automation | Shortage Deductions Research Automation

PRODUCT

Key Modules

  • LiveCube Task Automation
  • Journal Entry Management
  • Close Progress Dashboards

VALUE

Improve Operational KPIs

  • 50% Close Task Automation
  • 95% Journal Posting Automation
  • 100% Close Checklist Completion

Deliver Business Outcomes

  • Manual Tasks Automation by 50%
  • Reduction in Days to Close by 30%

Key Modules

  • LiveCube Task Automation
  • Journal Entry Management
  • Close Progress Dashboards

Improve Operational KPIs

  • 50% Close Task Automation
  • 95% Journal Posting Automation
  • 100% Close Checklist Completion

Deliver Business Outcomes

  • 40% Close Productivity Improvement
  • 30% Reduction in Days to Close

Trusted By The Best Accounting Teams Around The Globe

am

One AI-Powered Platform 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. Read More

Controllers

With seamless communication on an integrated platform, get complete visibility on the status of your month-end close and reconciliation processes. Read More

CFOs and CAOs

With hyperdata centralization and automation, say bye to manual and time-intensive data processing tasks across your accounting processes. Read More

HighRadius Financial Close Solution Overview

Collections Flow Diagram

FAQs: AI-Powered Financial Close Management Software

Does HighRadius financial close 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 financial close software?

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

How does HighRadius help in reducing the month-end close cycle?

Usually, it takes 5 to 10 days for organizations to complete their financial close process but HighRadius' automated month-end checklists and streamlined approval workflows can reduce the close cycle time considerably.

How can AI help in improving the financial close process?

AI-based capabilties automate repetitive tasks, ensure reconciliation accuracy with transaction matching, reduce errors with anomaly detection, and facilitate audit readiness through streamlined workflows.

Does HighRadius financial close 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 are some key performance indicators (KPIs) to measure the success of my financial close process?

Key KPIs to measure the success of your close process include close cycle time, error rate, reconciliation completion rate, audit findings, and cost of the process.

What are the benefits of using a financial close software?

A financial close software, like HighRadius, accelerates the close process, enhances accuracy, reduces manual errors, improves compliance, and provides real-time financial insights.

What are some best practices for achieving an efficient financial close process?

Establishing a clear calendar, defining roles and responsibilities, standardizing procedures, leveraging a month-end close software for automation, and regularly reviewing the process are some of the best practices for achieving an efficient financial close process.