HighRadius leverages advanced AI/ML to automate financial consolidation, generate financial statements and eliminate errors for accurate Financial Reporting.
AI-Powered Financial
Statements
100% No-Code Report
Builder
Automated Variance
Analysis
100% Transparency with
Transaction Level Drill Down
AI Based Statements: Auto-generate Income Statement, Balance Sheet & Cash Flow reports.
Custom Report Views: Configure reports by entity, region, or group for tailored insights.
Audit-Ready Drill-Downs: Trace financial figures to the source data.
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Actual vs. Budget Reports: Compare against budgeted expenses and pivot strategies faster.
Live Consolidation Updates: Monitor Actuals vs. Forecast positions generated in real-time and optimize resource allocation.
Drill-Down Transparency: Drill into account balances and trace transactional data to source.
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Custom Report Builder: Create instant reports using drag and drop tools.
LiveCube Excel Integration: Sync data and create user-specific reports within Excel.
Dynamic Scenario Analysis: Adjust views by period, entities or currency for instant insights.
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Group and Functional Views: Switch between group and functional currencies for global reporting.
Real-Time Accuracy: Precise consolidation across currencies in real-time with accuracy.
Compliance Assurance: Meet GAAP/IFRS standards with country-specific reporting.
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Transaction-Level Tracing: Drill into GL data to verify source transactions for audits.
Audit Trails: Maintain audit trails aligned with GAAP/IFRS for regulatory confidence.
Streamlined Reporting: Submit Error-free and Audit-ready financial statements to regulators for faster approvals.
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| Feature / Vendor | HighRadius | Vena | BlackLine | OneStream | LucaNet | |
Compliance & Controls |
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Audit Trail & Compliance Logs |
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Multi-GAAP / IFRS Compliance |
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Regulatory Reporting Templates |
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Reporting & Analytics |
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Dynamic Reporting & Drill-down |
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Real-time Reporting & Dashboards |
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Forecasting & Planning |
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Scenario Planning /
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Build Accurate Statements: Deliver error-free Balance Sheets, Income Statements, and Cash Flows, meeting GAAP/IFRS standards.
Become Audit Ready: Maintain audit trails with GL transaction level drill downs.
Enable Trustworthy Reporting: Generate automated financial reports that meet regulatory requirements.
Guarantee Transparency: Provide clear, consolidated financial data across entities for regulatory confidence.
Retail & Consumer Goods
Finance & Insurance
Manufacturing
Technology
Healthcare
Track Budgets: Match actual performance to budgets instantly, enabling rapid adjustments for cost efficiency.
Track Variances: Track Actuals vs. Forecasts accurately with real-time data and functional currency reporting.
Adjust Cost allocations: Identify cost overruns using configurable views by entity and region and adjust allocations for greater financial control.
Drive Decisions: Make strategic budget pivots 70% faster with immediate, actionable financial insights.
Energy
Power & Utilities
Manufacturing
Oil & Gas
Retail & Consumer Goods
Report in multiple currencies: Switch between currencies and simplify reporting for multinational operations.
Deliver Regional Reports: Gain clear insights into regional performance with configurable views across regions and entities in functional currencies.
Create Consolidated Reports: Merge financials across entities in real-time, ensuring unified, accurate group-level reports.
Technology
Oil & Gas
Manufacturing
Retail & Consumer Goods
Energy
Build Reports On Demand: Create tailored financial reports instantly, addressing specific business requirements on demand.
LiveCube Integration: Leverage real-time data across entities for enhanced excel capabilities and custom formulae for user-specific reporting.
Drag and Drop Builder: Customize report building with drag and drop ease and flexibility.
Customize Views: Design reports by segment, region, or product, adapting to unique needs without delays.
Retail & Consumer Goods
Technology
Manufacturing
Finance & Insurance
Healthcare
Reduction in Days to
Reconcile
Reconciliation Productivity
Improvement
Transaction Auto
Match Rate
Reconciliation Process
Automation
