HighRadius uses AI/ML to extract G/L and bank data, match transactions, and resolve exceptions in a centralized workflow.
AI/ML-Driven ERP-Bank
Data Extraction
Streamlined Approval Workflows
With Role Segregation
Achieve 95% Transaction
Auto-Match Rate
AI-Powered Automated
Exception Handling
Direct Integration: Connect seamlessly with all major banks for continuous data sync.
Real-Time Updates: Instantly access up-to-date statements to accelerate reconciliation.
Enhanced Efficiency: Streamline workflows and save time with automated data imports.
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Direct ERP Connectivity: Automates cash G/L line item data extraction in real-time.
Error Reduction: Minimizes manual data entry errors and improves accuracy.
Real-Time Updates: Keeps G/L data current for faster, more reliable reconciliation.
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Customizable Rules: Configure for diverse data formats and sources.
Line-Level Precision: Automate matching for line-item details across multiple data streams.
Multi-Source Flexibility: Reconcile data from multiple systems seamlessly.
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Comprehensive Coverage: Automates G/L and bank transaction matching across accounts.
Enhanced Accuracy: Ensures precise reconciliation, minimizing manual reviews.
Efficiency Boost: Reduces manual adjustments, accelerating the financial close process.
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Automated Discrepancy Resolution: Auto-match unmatched G/L and bank transactions.
Unified Interface: Resolve exceptions within a single, user-friendly screen, enhancing efficiency.
In-Depth Analysis: Drill down into transaction details to swiftly address discrepancies.
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Automated Adjustments: Suggest or post jE’s to resolve minor discrepancies seamlessly.
Automated Matching: Reconcile bank transactions with G/L entries in real-time.
Error Detection: Identify and resolve mismatches for accurate financial reporting.
Audit-Ready Records: Maintain a transparent and consistent reconciliation trail.
Retail & E-Commerce
Banking and Financial Services
Hospitality and Travel
Insurance
Healthcare
Manufacturing
Exception Handling: Flag unresolved transactions and route them for quick resolution.
Discrepancy Resolution: Automatically detect & resolve mismatches for accurate reconciliation.
Granular Matching: Reconcile detailed bank transactions with sub-ledgers in real-time.
Detailed Audit Trail: Maintain comprehensive records for audit and compliance readiness.
Retail & E-Commerce
Banking and Financial Services
Hospitality and Travel
Insurance
Healthcare
Manufacturing
Fee Validation: Reconcile deposit with expected amount to spot processor fee discrepancies.
Discrepancy Resolution: Identify and resolve missing deposits for accurate cash flow.
Automated Matching: Reconcile processor credit card deposits with bank transactions.
Real-Time Updates: Gain instant visibility into processor-to-bank deposit statuses.
Retail & E-Commerce
Hospitality
Healthcare
Subscription Services
Banking and Financial Services
Travel
Timely Deposit Tracking: Ensure POS cash deposits reach the bank on schedule.
Discrepancy Resolution: Detect and resolve mismatches in cash deposits promptly.
Automated Matching: Reconcile POS cash deposits with bank transactions in real-time.
Enhanced Visibility: Monitor deposit statuses across multiple locations.
Retail & E-Commerce
Hospitality
Food & Beverages
Healthcare
Banking and Financial Services
Transportation
Settlement Validation: Ensure intercompany transfers are settled correctly and on time.
Error Resolution: Identify and resolve discrepancies in intercompany payments.
Automated Matching: Reconcile IC bank transfers with corresponding transactions.
Consolidated Visibility: Track intercompany transactions across entities.
Banking and Financial Services
Manufacturing
Retail & E-Commerce
Insurance
Hospitality
Energy
| HighRadius | ERP Vendors(e.g. SAP, Oracle) | Niche Players(e.g. Blackline, FloQast, Trintech) | Niche Players(e.g. Esker, Billtrust) | |
Reconciliation Control Tower
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Substantiation
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Livecube Task Automation
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Advanced Dunning
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Reduction in Days to
Reconcile
Reconciliation Productivity
Improvement
Transaction Auto
Match Rate
Reconciliation Process
Automation
