The HighRadius Bank Reconciliation Cloud automates reconciliation of your general ledger with enterprise-wide bank account statements. Delivered as a Software as a Service (SaaS), the solution automatically processes bank statements and automatically classifies the inflow/outflow transactions into various operational and non-operational categories including Accounts Receivable, Accounts Payable, Payroll, Tax and Treasury. The solution also automatically maps the transactions to their respective general ledger accounts, generates an output file and seamlessly posts it to the company ERP or accounting system without any manual intervention.
Auto-parse and classify electronic bank statements into operational and non-operational cash flow categories including AR, AP, Payroll, Tax, Treasury for richer reporting and analysis.
Enrich bank statement data and seamlessly update the General Ledger in your ERP, with additional data elements using the configurable rules-based engine.
Plug and play connectivity and auto-posting of the enriched electronic bank statements to global ERPs including SAP, Oracle, MS Dynamics, Infor, JDE, NetSuite & others.