HighRadius’ comprehensive Record to Report Suite combines industry-best AI/ML with Excel-like ease to solve ‘Tough’ Enterprise Challenges.
Save Time with 30% Reduction in Days to Close
Gain Control with 100% Real-Time Visibility
Drive Efficiency with 95% Journal Posting Automation
Reduce Risk with 80% Anomaly Resolution
Fix Discrepancies Daily. Auto-match POS reports with AR subledger and bank statements.
Find Missing Transactions. Multi-Tiered matching to suit any process (processor, bank, GL, POS).
Verify Cash Balances Daily. Auto-match bank statements to cash G/L to reduce risk.
99% Commission Payout Accuracy. Auto-reconcile sales and commissions across POS and AR.
Validate Claim Payouts. Automate claim-to-cash matching with seamless data sync.
Automate Premium Sync. Auto-match premiums, sync deposits, and automate adjustments.
Unlike Trintech, HighRadius unifies task management, reconciliation, matching, and journal entries in one R2R suite.
No separate module purchases are needed.
HighRadius' LiveCube, is a super-charged, Excel-like platform that accelerates your financial close with seamless ERP data sync, automated computations, and journal entries, while ensuring 100% checklist completion.
Custom templates to automate data extraction from ERPs and journal posting.
Livecube eliminates manual reporting, data downloads, and uploads to the close solution.
Connected workspace eliminates dependency on IT for non-standardized data.
Unlike rule-based reconciliation, HighRadius leverages AI/ML to learn from historical data to achieve 90% transactional auto-match rate across all reconciliation types, increasing accuracy and efficiency
Automated Rule discovery to create custom-matching rules.
Working center for reconciliations to create visibility and facilitate collaboration.
Integrated journal entry module for journal posting automation.
HighRadius offers a comprehensive journal entry management solution that integrates with ERPs to centralize and automate the creation, validation, review, and posting of journal entries
Pre-built journal entry templates to automate preparation & posting.
Automated posting to ERP of your choice with configurable templates.
Customizable journal entry approval workflows to ensure compliance.
HighRadius' AI/ML Anomaly Management is proactively identifies errors in daily ERP transactions. Anomalies are then assigned for corrective actions, ensuring a continuous close
AI-powered alerts for potential anomalies based on historic data patterns.
Worklists and workflows to assign corrective actions on anomalies customizable reports.
Customizable reports and dashboards for clear visibility into all anomaly task.
HighRadius automates substantiation with configurable rules, auto-certification, and standardized reconciliation templates, ensuring 100% GL account coverage
LiveCube Apps automate manual efforts for substantiation reconciliation.
Auto-fetch GL balances & GL line item data from the ERP & 3rd party systems.
Reconciliation summary with unreconciled items, and the necessary corrective actions.
HighRadius and Trintech are both powerful, feature-enriched financial close automation solutions.
HighRadius offers a more comprehensive financial close solution.
| Features | HighRadius | Trintech | ERP Vendors |
Transaction Matching
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Journal Entry Automation
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Anomaly Management
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LiveCube Automation
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Reconciliation Management
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The avg. estimated time to ROI is 12 months
No dedicated IT or extensive user training
Expand effortlessly with scalable automation
Integrates with 110+ banks, 50+ ERPs, and more
Many users report that Trintech's modules lack seamless integration, both internally and with external ERPs, causing delays and prompting them to seek alternatives.
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