HighRadius Launches Autonomous Accounting to Disrupt Month-Stop Close | Your Money

HOUSTON–(Business enterprise WIRE)–Nov 2, 2021–

HighRadius, the Artificial Intelligence-driven Get to Income and Treasury Management computer software chief, right now expanded its Autonomous Software program platform into the Report to Report purpose to aid accounting teams complete month-end near actions more quickly and much more properly. The new Autonomous Accounting software package consists of Money Close Administration and Account Reconciliation solutions as portion of the Record to Report suite featuring.

This press release options multimedia. Watch the comprehensive launch here: https://www.businesswire.com/information/property/20211102005496/en/

HighRadius Launches Autonomous Accounting to Disrupt Month-Stop Shut (Graphic: Organization Wire)

As the deadline for closing enterprise transactions nears each and every month, controllers and their personnel have the often thankless position of figuring out anomalies and lacking transactions across the small business that may possibly be captured in ERPs, accounting methods, 3rd-get together systems, Excel, or potentially not captured at all. Dealing with these upstream business transactions less than a limited timeline puts tremendous pressure on accounting groups to total their operate by the initial working day of the thirty day period.

The HighRadius Autonomous Accounting option makes use of indigenous AI to constantly examine each transaction – such as likely missing transactions – to flag division stakeholders to evaluation on a daily basis and self-accurate in workflow collaboration with accounting team. This qualified prospects to a continual evaluation of accounting transactions ensuing in a smoother and extra correct thirty day period-end shut procedure.

“We all live in a 24/7 authentic-time financial system,” stated Sashi Narahari, Founder & CEO of HighRadius. “Business selections just cannot wait to be manufactured for the arbitrary month-finish or quarterly reporting cycle. Finance and organization leaders are hunting to make decisions dependent on a genuine-time evaluate of economic overall performance indicators. Our purpose with Autonomous Accounting is to basically improve the thirty day period-finish near and reconciliation system from being a compliance and statutory reporting physical exercise to a continuous strategic enter for business leaders.”

To discover much more about how HighRadius’ Autonomous Accounting application will elevate the thirty day period-close close process, pay a visit towww.highradius.com/application/autonomous-accounting/.

About HighRadius Company

HighRadius presents cloud-primarily based Autonomous Software program for the Office of the CFO. Extra than 700 of the world’s foremost providers have reworked their purchase to hard cash, treasury and document to report procedures with HighRadius. Our consumers include 3M, Unilever, Anheuser-Busch InBev, Sanofi, Kellogg Business, Danone, Hershey’s and many more.

Autonomous Software package is knowledge-pushed application that continually morphs its habits to the ever-changing underlying area transactional info. It provides modern day electronic transformation capabilities like Synthetic Intelligence, Robotic System Automation, All-natural Language Processing and Linked Workspaces as out-of-the-box characteristics for the finance & accounting domain.

Finance business stakeholders have been led to imagine that they have only two alternatives: decide an application software package seller that digitizes a paper or Excel-based mostly system to an digital technique of history, or, select a middleware platform for AI or RPA to construct and manage in-residence, domain-certain abilities. In contrast, HighRadius Autonomous Software program brings together the greatest of equally worlds to provide measurable enterprise results this sort of as DSO reduction, doing work funds optimization, negative-debt reduction, lessen thirty day period near timelines and increase productivity in under six months.

Click on right here to see Autonomous Software in action.

See source variation on businesswire.com:https://www.businesswire.com/news/house/20211102005496/en/

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Matt Grant

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Resource: HighRadius Company

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PUB: 11/02/2021 07:00 AM/DISC: 11/02/2021 07:02 AM


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