Financial Close

Reminders & Collaboration

50% Close Task Automation. Collaborate efficiently with automated email reminders and an evidence repository.

Reminders & Collaboration

Key Features

AI-based E-Mail Remittance Capture

Automated Reminders & Confirmation Scheduling

Create, customize, and schedule email reminders to be sent to internal and external stakeholders.

AI-based E-Mail Remittance Capture

Shared Documents

Standardize and fast-track data collection by requesting stakeholders to input data for consumption.

AI-based E-Mail Remittance Capture

Template-Driven Requests

LiveCube-enabled templates to accelerate the process of requesting data from different teams.

AI-based E-Mail Remittance Capture

Centralized Evidence Repository

A single repository for maintaining all documents, web links, and other data as evidence for audits.

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Recommended Resources

Free Bank Reconciliation Template

Free Bank Reconciliation Template

Download this template to automate matching records in your cash book with the corresponding data on bank statements.

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Implementing AI in Record to Report

Implementing AI in Record to Report

Learn about the ROI of plugging Al into accounting processes along with two real-life implementation stories who benefited with Al.

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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.