Financial Consolidation Software

AI agents automate data integration, manage workflows, enforce approvals, & synchronize with systems, enhancing financial consolidation accuracy.

Achieve 100% audit readiness

Accelerate currency consolidation by 50%

Financial Close Software

AI Agents For Financial Consolidation Software

FX Currency Conversions
FX Currency Conversions
Calculate BS and P&L conversions with accurate CTA reporting.
Intercompany Eliminations
Intercompany Eliminations
Eliminate loans, revenue, & expenses with adjusting JEs.
Chart of Accounts Mapping
Chart of Accounts Mapping
Generate cross-entity statutory & managerial CoA hierarchies.
Entity Ownership
Entity Ownership
Automate NCI metrics, control rules, and reporting.
GL Transaction Download
GL Transaction Download
Automate multi-ERP extraction and CoA-based consolidation.
Top-side Adjustments
Top-side Adjustments
Automate topside entries, & audit trails.

Product

Key Agents

  • FX Currency Conversions
  • Intercompany Eliminations
  • Chart of Accounts Mapping
  • Entity Ownership

Value

Improve Operational KPIs

  • 95% Faster Data Aggregation
  • 99% Accurate IC Eliminations
  • 97% Currency Conversion Automation
  • 90% Top-Side Entries Automation

Deliver Business Outcomes

  • 60% Boost In Consolidation Efficiency
  • 85% Reduction in Manual Adjustments
  • 50% Faster Multi-Currency Consolidation
  • 100% Compliance and Audit Readiness

Key Agents

  • FX Currency Conversions
  • Intercompany Eliminations
  • Chart of Accounts Mapping
  • Entity Ownership

Improve Operational KPIs

  • 95% Faster Data Aggregation
  • 99% Accurate IC Eliminations
  • 97% Currency Conversion Automation
  • 90% Top-Side Entries Automation

Deliver Business Outcomes

  • 60% Boost In Consolidation Efficiency
  • 85% Reduction in Manual Adjustments
  • 50% Faster Multi-Currency Consolidation
  • 100% Compliance and Audit Readiness
Unlock These Benefits for Your Business

Value Creation at 1100+ Enterprises

R2R logos R2R logos
Rising logo

HighRadius Named ‘Rising Star’ in 2024 ISG Provider Lens™ Finance and Accounting Platforms Report

Chosen for AI Driven Innovations | Comprehensive Suite

Get The Report
IDC frame

Financial Consolidation Solutions For All Accounting Roles

Accounting Managers

Say bye to data mismanagement, human errors, and accounting omissions to bring in trust, compliance, and consistency to your reporting. More

Controllers

With seamless communication on an integrated platform, get complete visibility on the status of your month-end close and reconciliation processes. More

CFOs and CAOs

With hyperdata centralization and automation, say bye to manual and time-intensive data processing tasks across your accounting processes. More

FAQs: Why HighRadius for Financial Consolidation?

Does HighRadius financial consolidation software integrate with ERPs?

HighRadius financial consolidation 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 consolidation software?

The implementation time for HighRadius Financial Consolidation 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 consolidation software handle data security and privacy?

HighRadius financial consolidation 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.

Can HighRadius financial consolidation software handle multiple currencies and reporting standards?

Yes, HighRadius financial consolidation software supports multi-currency conversions and the ability to consolidate financial data following different reporting standards (e.g., IFRS, GAAP). This ensures that companies with international subsidiaries can easily manage and report their finances in compliance with global standards.

How does HighRadius financial consolidation software handle intercompany eliminations?

HighRadius financial consolidation software automates intercompany eliminations by identifying transactions between different entities within a group and removing them from the consolidated financial statements. This ensures that only external transactions are reported, giving a true picture of the company’s financial performance.