Anomaly Management

Anomaly Workflow

70% Anomalies Closed. Resolve anomalies efficiently by assigning tasks and notifying stakeholders to take action.

Anomaly-Management-module

Key Features

AI-based E-Mail Remittance Capture

Anomaly Assignment Engine

Auto-assign anomalies to accountants based on anomaly type and other attributes.

AI-based E-Mail Remittance Capture

Anomaly Review Workflow

Custom multi-level review and approval workflow for better control and visibility.

AI-based E-Mail Remittance Capture

Anomaly Feedback

Improve accuracy and reduce false positives by ignoring or accepting anomalies.

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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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The Reality of 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 Anomaly Management Software Solutions

Does HighRadius anomaly management software integrate with ERPs?

HighRadius anomaly 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 anomaly management software?

The implementation time for HighRadius anomaly 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 anomaly management software handle data security and privacy?

HighRadius anomaly 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.

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

Yes, HighRadius anomaly management software can prevent duplicate data entry using advanced machine learning capabilities. The software scans transactions in real-time to detect and flag potential duplicates, such as invoices, payments, or sales entries, that may have been recorded more than once.

Does HighRadius anomaly management software give you a bird's eye view of potential anomalies?

Yes, HighRadius anomaly management software features a dashboard that offers a clear view of potential reporting issues. It tracks and analyzes anomalies with reports and visualizations, showing anomaly count, categorizing them by type, and reviewing their status. The dashboard also displays trends in detection accuracy and potential financial impacts, enabling proactive issue resolution.