99% Royalty and Commission Accuracy. Auto-match POS with AR for real-time royalty reconciliation.
Auto-import POS reports. Out-of-the-box integration to access daily sales reports.
Import AR line items. Pre-built integrations with all the major ERPs for seamless data transfer.
Identify royalties/commissions related payments. Auto map transactions by product.
Auto import commission/royalty rate. Utilize pre-built integrations to sync rates by product.
Calculate accurate royalty/commission. Use LiveCube to apply royalty rates to POS transactions.
Continuous transaction matching. Match royalty data with AR data to identify discrepancies.
Daily royalty/commission reports. Auto summarize daily royalties and commissions by product.
Download this template to automate matching records in your cash book with the corresponding data on bank statements.
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Learn about the ROI of plugging Al into accounting processes along with two real-life implementation stories who benefited with Al.
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Get a guided tour of the HighRadius financial close management, account reconciliation, and anomaly management software.
Take the TourHighRadius daily revenue reconciliation 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 daily revenue reconciliation 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 daily revenue reconciliation 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 daily revenue reconciliation software simplifies franchise/royalty reconciliation by integrating with POS systems and ERPs. It automatically imports sales reports and AR subledger data, calculates royalty amounts, and matches them using customizable rules. The software flags relevant revenue, applies royalty rates, and produces periodic reports to ensure accurate reconciliation.
HighRadius daily revenue reconciliation software automates the process of matching insurance premium payments with policy records and bank statements. The software verifies that premium payments are accurately recorded by comparing data from payment records with policy details and bank deposits.
