Financial Close

Accruals Management

100% Close Checklist Completion. Create and update expense and revenue accruals with pre-built calculations.

Reminders & Collaboration

Key Features

AI-based E-Mail Remittance Capture

Pre-Built Integrations

Auto-import G/L data through integrations with major ERPs, banks, payroll systems, and more.

AI-based E-Mail Remittance Capture

Accrual Method Manager

Create schedules and templates for different accrual types like payroll and interest.

AI-based E-Mail Remittance Capture

Accrued Expenses Parsing

Auto-identify and track incurred expenses for an accurate record of outstanding liabilities.

AI-based E-Mail Remittance Capture

Accrual Calculation Engine

Leverage pre-built calculations to review accrued expenses like loans and interests.

AI-based E-Mail Remittance Capture

Approval Workflow

Gain complete control and visibility of the process with multi-level reviews and approvals.

AI-based E-Mail Remittance Capture

Automated Journal Posting

Prepare and post journal entries to ERP automatically with auto-populated templates.

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Recommended Resources

Free Bank Reconciliation Template

Free Bank Reconciliation Template

Download this template to automate matching records in your cash book with the corresponding data on bank statements.

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Implementing AI in Record to Report

Implementing AI in Record to Report

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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Product Tour

Product Tour

Get a guided tour of the HighRadius financial close management, account reconciliation, and anomaly management software.

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FAQs: AI-Powered Financial Close 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.