Financial Close

Close Checklist

100% Close Checklist Completion. Project plans, task logs, and collateral management for efficient collaboration.

Reminders & Collaboration

Key Features

AI-based E-Mail Remittance Capture

Hierarchical List of Close Tasks

Organized project plans. Ready list of close tasks categorized for multi-entity checklists.

AI-based E-Mail Remittance Capture

Prioritized Ranking of Close Tasks

Prioritize tasks. Automatically rank tasks to focus on high-priority ones.

AI-based E-Mail Remittance Capture

Collaterals Management

Manage evidence for audits. Attach documents, insert weblinks and add comments to a close task.

AI-based E-Mail Remittance Capture

Audit Trail

Chronological task logs. Track all the actions performed by every stakeholder on a task.

AI-based E-Mail Remittance Capture

Digital Binder

Export close tasks. Export and maintain the list of tasks for the month.

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Recommended Resources

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Free Bank Reconciliation Template

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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 Financial Close Solutions

Does HighRadius financial close management software integrate with ERPs?

HighRadius financial close management 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 financial close management software?

The implementation time for HighRadius financial close management 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 financial close management software handle data security and privacy?

HighRadius financial close management 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 are journal entries posted to ERP in HighRadius financial close management software?

HighRadius financial close solutions integrate with any ERP to automatically post journal entries for updating final GL balances. You can use existing templates to create journal entries wherein all transaction details are already auto-populated to make the process more efficient.

How does HighRadius financial close management software handle audit requirements?

HighRadius financial close management software has ‘task logs’ to help track all changes made to every close task in chronological order. Additionally, accountants can add all collaterals – supporting documents, comments, and web links – to their task for auditors to have all information handy.