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HighRadius Autonomous Accounting

Score7 out of 10

3 Reviews and Ratings

What is HighRadius Autonomous Accounting?

HighRadius headquartered in Houston offers their end-to-end Financial Close Automation solution Autonomous Accounting, boasting a Financial Close product with modern user interface and user experience, and AI native Reconciliation platform to identify and resolve variances for General Ledger Accounts through configurable matching rules and algorithms.

Categories & Use Cases

Top Performing Features

  • Customizable Workflows

    The ability to adapt the software to complete tasks in a particular order according to business needs.

    Category average: 8.7

  • Financial data consolidation

    Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.

    Category average: 8.7

  • Journal entries and reports

    Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.

    Category average: 8.3

Areas for Improvement

  • Multi-currency management

    Ability to handle foreign currency conversions during consolidation.

    Category average: 8.4

  • Detailed Audit Trails

    Tracing changes to data and processes that were run.

    Category average: 9.1

HighRadius Autonomous Accounting

Use Cases and Deployment Scope

We use HighRadius Autonomous Accounting to automate our work tasks to reducse some of the manual efforts we did to post financial data in our system. The data would be automated to help our team focus on analyzing the financial data received.

Pros

  • automate data
  • provide templates and workflows
  • real-time dashboards for data visibility

Cons

  • all financial data uploaded from our system to the HighRadius Autonomous Accounting portal
  • timely manner from responses from HighRadius Autonomous Accounting IT team
  • less fees taken out

Return on Investment

  • ROI improvement
  • automated workflows
  • dashboards and templates are cool

Usability