Financial Consolidation & Reporting
100% Automated Group Reporting. AI-enabled reporting to faster and data backed decision-making.
Automated exchange rate extraction. Auto extract currency exchange rate information from ERPs.
Group currency calculation. Convert any local currency to a group currency.
Unmatched fraud prevention. Follow the financial report's source data all the way through.
Accurate financial reporting. Combine group currency info using the appropriate conversion.
Identify unrealized income. List unrealized gains and losses outside core operations.
Accurate reporting. Auto-create consolidated balance sheets with chosen accounting standards.
Accurate P&L statements. Create P&L statement based on chosen accounting standards.
Accurate cash flow statements. Create cash flow statements for chosen accounting standards.
Customizable consolidation reports. Single screen view of consolidation reports.
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 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.
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.
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.
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.
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.
