Balance Sheet Reconciliation

Fixed Asset Reconciliation

Manage Fixed Asset Depreciation. Automate fixed asset depreciation calculation and get 100% process visibility.

Balance Sheet Reconciliation

Key Features

AI-based E-Mail Remittance Capture

Depreciation Schedule Management

Track fixed asset depreciation. Create depreciation schedules templates for fixed assets.

AI-based E-Mail Remittance Capture

Fixed Assets ERP GL Integration

No manual uploads. Enable automated data extraction for fixed assets with ERP integration.

AI-based E-Mail Remittance Capture

Fixed Assets Depreciation Calculation Engine

Automate depreciation calculation. Leverage LiveCube to calculate depreciation for fixed assets.

AI-based E-Mail Remittance Capture

Approval Workflow by Fixed Asset Type

Ensure accurate reporting. Customize review and approval workflow and track depreciation entries.  

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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 Balance Sheet Reconciliation Solutions

Does HighRadius balance sheet reconciliation software integrate with ERPs?

HighRadius balance sheet 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.

How much time does it take to implement HighRadius balance sheet reconciliation software?

The implementation time for HighRadius balance sheet 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.

How does HighRadius balance sheet reconciliation software handle data security and privacy?

HighRadius balance sheet 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.

How does HighRadius balance sheet reconciliation software handle your fixed assets?

HighRadius balance sheet reconciliation software provides a comprehensive view of fixed assets, including cost, depreciation schedules, and remaining value. It generates tailored depreciation schedules, integrates with ERPs, tracks depreciation, and automates journal postings.

How does SAP open item clearing work in HighRadius balance sheet reconciliation software?

HighRadius balance sheet reconciliation software automates SAP open item clearing by matching transactions in G/L accounts with the OIM flag. It imports and splits G/L data, uses a customizable rule engine for matching, and handles exceptions manually. A multi-level approval workflow ensures review before posting cleared transactions back into SAP.