HighRadius uses AI to automate GL, sub-GL, and bank data extraction, transaction matching, and exception resolution in one 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 syn
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 JEs 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
Subledger Drill-Down: Access supporting SL details from GL variances for resolution.
Variance Detection: Flag unmatched transactions instantly for resolution.
Real-Time Matching: Automatically reconcile GL balances with AR/AP subledgers.
Audit Readiness: Maintain a complete reconciliation history for compliance.
Retail
Financial Services
Healthcare
Manufacturing
Collaborative Workflow: Assign tasks and track progress within the platform.
Reason Tagging: Document reasons and actions for unmatched items.
Automated Variance Flagging: Categorize discrepancies for efficient resolution.
Impact Analysis: Calculate the P&L effect of unresolved variances.
Banking
Retail
Manufacturing
Insurance
Hospitality
Trend Analysis: Visualize reconciliation patterns and identify recurring variance issues.
Open Item Reporting: Open Item Reporting: Track unresolved discrepancies for follow-up.
Balance Walkthrough: Compare GL and subledger balances with variance summaries.
Comprehensive Reports: Document reconciliation history for audits.
Hospitality
Financial Services
Retail
Healthcare
| 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
