Unlock faster cash flows, improve liquidity, and ensure timely, precise insights in every reconciliation with HighRadius’ AI-driven automated cash reconciliation software.
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Eliminate reconciliation delays and empower strategic decision-making with our automated cash reconciliation software, featuring tailored templates and intelligent capabilities to quickly resolve unmatched transactions.
Master cash flow management, identify transaction discrepancies, and customize processes by automating cash and bank reconciliation
See how you can reduce your time to reconcile transactions with automate cash reconciliation software
Here's how HighRadius' Advanced automated Cash Reconciliation software is helping businesses achieve accelerated reconciliation, manage unmatched transactions effortlessly, and achieve measurable results with AI-driven precision.
98%
Automated cash transaction tagging
100%
Automated bank integration
70%
Increased cash management productivity
HighRadius focuses on building solid partnerships and offers robust integration capabilities to unlock faster and frictionless reconciliation processes.
Achieved 96% Accuracy in Long-Term Receivables Forecasting Over 6 Months
Result
96% accuracy achieved in monthly forecasts
6 months daily forecasts generated
Laurent Gueritaine
Global Process Owner, Invoicing to Cash
Improved Cash Forecast Accuracy by 20% While Boosting Daily Efficiency - From 2 Hours to 15 Minutes
Result
15% average reduction cash flow in volatility
20% improvement in cash forecast accuracy
Carolyn Etress
Director of Accounts Receivables
It’s time for CFOs and Treasurers to leverage the HighRadius Cash Reconciliation solution designed to simplify cash flow management and provide a range of benefits for businesses looking to optimize their cash management strategies. With the solution’s advanced features and cutting-edge technology, treasurers can now take full control of their cash flow, make informed decisions, and drive business success.
Talk To Our ExpertsCash reconciliation software automates the process of matching cash transactions with bank statements, making financial data accurate. It reduces manual intervention, improves efficiency, and ensures that discrepancies are identified quickly. By leveraging cash reconciliation automation, companies can eliminate human errors, improve data accuracy, and speed up reconciliation timelines.
Treasury professionals must check whether or not all the expected cash transactions have actually happened or not. Unfortunately, the only way to do this is to conduct the reconciliation process manually and match the expected cash transactions against bank statements.
HighRadius’ automated cash reconciliation software automates this manual activity. Businesses can easily create user- defined rules – one-one, many-one and many-many – to reconcile prior- day planned cash transactions vs. bank transactions. The solution also enables them to resolve unmatched transactions efficiently and identify unmatched items during reconciliation.
The primary benefit of cash reconciliation software is its ability to automate the reconciliation process, reducing manual work and human errors. It also improves transparency by providing real-time insights into discrepancies between bank statements and internal records.
Cash reconciliation automation eliminates the manual process of reconciling the expected cash transactions with the bank statements. It automates the reconciliation between planned prior-day transactions and bank statement items. It also identifies unmatched items in bank statements or cash transactions.
Manual reconciliation involves manually comparing cash transactions against bank statements, which is slower and more prone to human error. In contrast, automated cash reconciliation uses software to automatically match transactions, resulting in faster, more accurate reconciliations with reduced risk of errors, thereby streamlining workflows, enhancing efficiency, and allowing finance teams to focus on strategic decision-making.
