Record to Report Suite

Financial Consolidation and Reporting Software

Achieve 60% faster consolidation with automated mapping and unified reporting across entities, systems, and currencies.

Ensure 100% accurate consolidated reporting with real-time visibility and seamless integrations.

Financial Consolidation and Reporting Software

Recommended Resources

Financial Close Datasheet

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Key Modules

Organization Structure Management

Organization Structure Management

Centralize Entity Management. Manage hierarchy, ownership, and currency for consolidation. More

Consolidation Workflow Management

Consolidation Workflow Management

100% Consolidation Tasks Visibility. Track consolidation progress and entity readiness. More

Consolidated Chart of Accounts

Consolidated Chart of Accounts

Unify Multi-Entity Accounts. Integrate ERPs to standardize and map charts of accounts. More

Intercompany Reconciliation & Elimination

Intercompany Reconciliation & Elimination

Streamline Group Consolidation. Reconcile intercompany transactions, eliminate balances. More

Consolidated Financial Reporting

Consolidated Financial Reporting

99% Accurate Group Reporting. Auto-convert currencies for consolidated statements. More

Consolidation Management Reporting

Consolidation Management Reporting

Trends & Variance Analysis. Auto-sync budget vs. actuals at group level for decision insights. More

PRODUCT

Key Modules

  • Organization Structure Management
  • Consolidation Workflow Management
  • Consolidated Chart of Accounts
  • Intercompany Reconciliation & Elimination

VALUE

Improve Operational KPIs

  • 99% Automated Currency Conversion
  • 97% Data Extraction Automation
  • 95% Chart of Accounts Mapping Automation
  • 90% Automation of Top Side entries

Deliver Business Outcomes

  • 30% Reduction in Days to Reconcile
  • 60% Financial Consolidation Improvement
  • 100% Visibility on Consolidation Tasks
  • 100% Consolidated Financial Reporting Accuracy

Key Modules

  • Organization Structure Management
  • Consolidation Workflow Management
  • Consolidated Chart of Accounts
  • Intercompany Reconciliation & Elimination

Improve Operational KPIs

  • 99% Currency Conversion Automation
  • 97% Data Extraction Automation
  • 95% Chart of Accounts Mapping Automation
  • 90% Top Side Entries Automation

Deliver Business Outcomes

  • 30% Reduction in Days to Reconcile
  • 60% Financial Consolidation Improvement
  • 100% Visibility on Consolidation Tasks
  • 100% Consolidated Financial Reporting Accuracy

Trusted by 1000+ Global Businesses across Enterprise & Mid-Market

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Financial Consolidation and Reporting 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 Financial Consolidation and Reporting Solutions

Does HighRadius financial consolidation software integrate with ERPs?

HighRadius financial consolidation 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 consolidation software?

The implementation time for HighRadius Financial Consolidation 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 consolidation software handle data security and privacy?

HighRadius financial consolidation 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.

Can HighRadius financial consolidation software handle multiple currencies and reporting standards?

Yes, HighRadius financial consolidation software supports multi-currency conversions and the ability to consolidate financial data following different reporting standards (e.g., IFRS, GAAP). This ensures that companies with international subsidiaries can easily manage and report their finances in compliance with global standards.

How does HighRadius financial consolidation software handle intercompany eliminations?

HighRadius financial consolidation software automates intercompany eliminations by identifying transactions between different entities within a group and removing them from the consolidated financial statements. This ensures that only external transactions are reported, giving a true picture of the company’s financial performance.