Record to Report Suite

Financial Close Software

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.

Financial Close Software

Recommended Resources

Financial Close Datasheet

On-Demand Demo

Key Modules

Reminders & Collaboration

Reminders & Collaboration

Prompts & Document Sharing. Automate reminders and centralize task evidence. More

Accruals Management

Accruals Management

Pre-Built Templates & Calculations. Schedule, calculate, and track multiple accruals. More

Variance Analysis

Variance Analysis

Instant Budget Discrepancies. Automatically identify and analyze G/L variances vs. budget. More

Cash Accounting

Cash Accounting

Custom Cash Posting Rules. Accurately map bank transactions to GL accounts. More

 Close Checklists

SOX Compliance

100% SOX Checklist Completion. Automate testing and control with segregation of duties. More

 Close Checklists

Automated Journal Posting

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

PRODUCT

Key Modules

  • Close Checklist
  • Variance Analysis
  • SOX Compliance
  • Close Progress Dashboard

VALUE

Improve Operational KPIs

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

Deliver Business Outcomes

  • 40% Close Productivity Improvement
  • 30% Reduction in Days to Close
  • 100% Audit Readiness
  • 100% Real-Time Visibility

Key Modules

  • Close Checklist
  • Variance Analysis
  • SOX Compliance
  • Close Progress Dashboard

Improve Operational KPIs

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

Deliver Business Outcomes

  • 40% Close Productivity Improvement
  • 30% Reduction in Days to Close
  • 100% Audit Readiness
  • 100% Real-Time Visibility

HighRadius Vs. The Competition

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

  • Navigation across periods
  • Flexible calendars

Close Progress Dashboards

  • Dashboard
  • Interactive reporting tool

Livecube Task Automation

  • Custom derived column creation
  • Iterative data transformation

Advanced Dunning

  • Bulk correspondences with customizable templates
  • Smart payment links within emails

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.

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Close Management Solutions 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 Month End Close Software Interactive Overview

Collections Flow Diagram

FAQs: AI-Powered Financial Close Software Solutions

Does HighRadius financial close management software integrate with ERPs?

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.

How much time does it take to implement HighRadius financial close management software?

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.

How does HighRadius financial close management software handle data security and privacy?

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.

How are journal entries posted to ERP in HighRadius financial close management software?

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.

How does HighRadius financial close management software handle audit requirements?

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.