Balance Sheet Reconciliation

Automated Journal Posting

Accelerate Month-End Close. Auto-post adjusting entries to your ERP for accurate and timely GL balances.

Balance Sheet Reconciliation

Key Features

AI-based E-Mail Remittance Capture

Dynamic Journal Template

Flexible data preparation. LiveCube or pre-configured Excel template for JE preparation.

AI-based E-Mail Remittance Capture

Rule Based Journal Creation

Handle big data efficiently. Minimize errors with automated and templatized data processing.

AI-based E-Mail Remittance Capture

Approval Workflow

Ensure task compliance. Custom workflow to ensure compliance of journal entry posting.

AI-based E-Mail Remittance Capture

ERP Integration

System of records agnostic. Auto-post approved JE to any ERP with pre-built integrations.

AI-based E-Mail Remittance Capture

ERP Posting Feedback Loop

JE status visibility. Easily track the current status of pending journal entries to be posted.

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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

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.