Is Achieving Day Zero Financial Close Always A Challenge?

Explore How HighRadius’ Autonomous Accounting Software Can Help

AI/ML Based Error Detection

Automated Rule Discovery

Continuous Error Detection

Review transactions as they happen

Continuous Data

Eliminate CSV Files Data Drudgery

Workflow

Collaboration and workflow correcting Anomalies

Connected Workspaces

Reduce Systems for Work Collaboration

Close Loop Journal Entries

Reduce Errors During Journal Posting

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Navigating the Challenges of Traditional Accounting

Manual and time-intensive data processing tasks

Gathering financial data manually from multiple departments or sources can be a complex task due to lack of data centralization

Teams operating in siloes lead to incomplete data

Email Based Communication between different departments can be inefficient due to lack of integrated systems, leading to incomplete financial information

Learn how CFOs need to reimagine accounting to achieve faster and smoother financial close

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Inaccuracy and inconsistency in financial reporting

Mismanagement of data and human errors due to manual processes can lead to inconsistency and inaccuracy in how financial information is collected, processed and reported

High risk of non-compliance and accounting regulations

Manual accounting practices can cause inaccuracies in financial reporting and make compliance monitoring a challenge due to the lack of real-time visibility

Here are four ways to modernize, automate and streamline their finance operation

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Experience the Future of Accounting with HighRadius Autonomous Accounting

Transform your accounting process with faster close cycles, improved accuracy and access to real-time data for better decision-making all on ONE Platform

Financial
Close

Managing Robust Task & Status Reporting Pre-configured Task Specific Worksheets One-Touch Automated ERP Posting Learn More

Accounts Reconciliation

Automated Reconciliation Workflow GL Specific Reconciliation Templates AI Matching and continued Reconciliations Learn More

Anomaly Detection

AI-Powered Error
Detection AI-enabled Suggestions and Actions One-touch ERP
Postings Learn More

Discover the Benefits of Autonomous Accounting for Record to Report function

Accelerate Financial Close with Day Zero Accounting

Automation allows for faster financial reporting with worksheets and project templates for data collection and analysis, reducing the risk of errors and avoiding the need to create reports from scratch

Improve Reconciliation Accuracy with Continuous Accounting

AI-based automation performs reconciliation on an ongoing basis, which helps to improve accuracy and reduce the risk of errors, to gain more accurate financial insights

Detect Anomalies Proactively to Reduce Risk

Autonomous technology proactively identifies unusual patterns or outliers in financial data; which can be indicative of errors or issues; thereby reducing the risk of errors in reporting, compliance violations or financial losses

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Path to Achieve Autonomous Finance

Autonomous Receivables

Transform Order to Cash process with AI to streamline the order to cash process while enhancing accuracy, increasing efficiency and reducing DSO.

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Autonomous Treasury

Transform Treasury by automating critical aspects of cash management and, leverage AI to optimize cash position, reduce risk exposure and drive efficient cash allocation.