Record to Report Suite

Financial Close Management Software

Close faster with task automation and automatic journal posting to ERP. Catch errors in real-time with AI-based anomaly detection.

Reduce close cycles by up to 30% with automated checklists.

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AI-Based Credit Management Software

Financial Close Software Modules

AI-based E-Mail Remittance Capture

Month-End Close Checklists

Streamlined Project Plans. Checklist templates and backup documents for an efficient close. More

AI-based E-Mail Remittance Capture

LiveCube for Close Task Automation

No Code, Excel-like Platform. One-time template setup to automate business computations. More

AI-based E-Mail Remittance Capture

Journal Entry Management

Automatic Journal Posting to ERP. Pre-configured Excel templates with information for audits. More

AI-based E-Mail Remittance Capture

Month-End Close Task Workflow

Multi-Level Approval Workflow. Establish key controls over the process by assigning roles. More

AI-based E-Mail Remittance Capture

AI-powered Anomaly Detection

Alerts for Potential Anomalies. Scheduled list of errors and omissions to help you close faster. More

AI-based E-Mail Remittance Capture

Generative AI via FreedaGPT

Generate Insights in Real Time. Consolidate information & get month-end close insights. More

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

PRODUCT

Key Modules

  • Month-End Close Checklists
  • LiveCube for Close Task Automation
  • Journal Entry
  • Approval Workflow

VALUE

Improve Operational KPIs

  • Task Monitoring
  • Task Automation
  • Increased FTE Productivity

Deliver Business Outcomes

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

Key Modules

  • Month-End Close Checklists
  • LiveCube for Close Task Automation
  • Journal Entry
  • Approval Workflow

Improve Operational KPIs

  • Task Monitoring
  • Task Automation
  • Increased FTE Productivity

Deliver Business Outcomes

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

Trusted By The Best Accounting Teams Around The Globe

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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.