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# Financial Reporting Software
Achieve 80% faster reporting with automated financial statements, management reports, and self-service tools.
!
Accelerate decision-making by **70%**
Eliminate **100%** of reporting errors
Book a Discovery Call
## Financial Reporting Software Modules
### Financial Reporting
**80% Faster Financial Reporting.** Generate P&L, BS, and cash flow reports with drill-downs.
### Management Reporting
**Automate Performance Reporting.** Compare actuals vs. budget & forecast with drill-downs.
### Self-Service Report Building
**Build Custom Reports.** Use drag-and-drop tools and Excel plug-ins for instant insights.
Product
### Key Modules
* Financial Reporting
* Management Reporting
* Self-Service Report Building
Value
### Improve Operational KPIs
* **95%** Reduction in Report Preparation Time
* **90%** Faster Variance Analysis
* **95%** Faster Report Customization
### Deliver Business Outcomes
* **80%** Faster Financial Reporting
* **70%** Faster Decision-Making
* Eliminate **100%** Manual Errors in Reporting
Unlock These Benefits for Your Business
## Value Creation at 1100+ Enterprises
HighRadius Named ‘Rising Star’ in 2024 ISG Provider Lens™ Finance and Accounting Platforms Report
Chosen for AI Driven Innovations | Comprehensive Suite
Get The Report
## Financial Reporting 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. 
### Controllers
With seamless communication on an integrated platform, get complete visibility on the status of your month-end close and reconciliation processes. 
### CFOs and CAOs
With hyperdata centralization and automation, say bye to manual and time-intensive data processing tasks across your accounting processes. 
×
## FAQs: Why HighRadius for Financial Reporting?
* ### Why do you need Collections Management Software?
#### 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.
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We have seen financial services costs decline by $2.5M while the volume, quality, and
productivity increase.
Colleen Zdrojewski
Vice President – Financial Services
---
 Dr Pepper Snapple Group
Trusted By 800+ Global Businesses
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# Financial Close Software
Cut close time by 30% with automated reminders, checklists, and real-time dashboards for improved visibility and control.
Improve close productivity by **40%**
Ensure **100%** audit readiness
Download Solution Brief
## Close Management Software Modules
### Reminders & Collaboration
**Prompts & Document Sharing.** Automate reminders and centralize task evidence.
More
### Accruals Management
**Pre-built Templates & Calculations.** Schedule, calculate, and track multiple accruals.
### Variance Analysis
**Instant Budget Discrepancies.** Auto identify & analyze G/L variances vs. budget.
### Cash Accounting
**Custom Cash Posting Rules.** Accurately map bank transactions to GL accounts.
### SOX Compliance
**100% SOX Checklist Completion.** Ensure control with segregation of duties.
### Automated Journal Posting
**95% Journal Auto-Posting.** LiveCube-enabled JE preparation & posting to ERP.
### Additional Modules |  |  | 
* Close Checklist
* Variance Analysis
* SOX Compliance
* Close Progress Dashboard
* **50%** Close Task Automation
* **95%** Journal Posting Automation
* **100%** Close Checklist Completion
* **100%** SOX Checklist Compliance
* **40%** Close Productivity Improvement
* **30%** Reduction in Days to Close
* **100%** Audit Readiness
* **100%** Real-Time Visibility
## Financial Close Management Software Feature Comparison
|  | HighRadius | ERP Vendors(e.g. SAP, Oracle) | Niche Players(e.g. Blackline, FloQast, Trintech) | Niche Players(e.g. Esker, Billtrust) |
| --- | --- | --- | --- | --- |
| Close Checklists  * Navigation across periods * Flexible calendars |  |  |  |  |
| Close Progress Dashboards  * Dashboard * Interactive reporting tool |  |  |  |  |
| Livecube Task Automation  * Custom derived column creation * Iterative data transformation |  |  |  |  |
| Advanced Dunning  * Bulk correspondences with customizable templates * Smart payment links within emails |  |  |  |  |
Disclaimer: Feature comparison is based on each vendor’s most recent and modern version available as of February 1st, 2024.
Download full Table
## Financial Close Software For All Accounting Roles
## FAQs: AI-Powered Accounting Close Software Solutions
* ###
#### Does HighRadius financial close management software integrate with ERPs?
HighRadius financial close management 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 close management software?
The implementation time for HighRadius financial close management 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 close management software handle data security and privacy?
HighRadius financial close management 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.
#### How are journal entries posted to ERP in HighRadius financial close management software?
HighRadius financial close solutions integrate with any ERP to automatically post journal entries for updating final GL balances. You can use existing templates to create journal entries wherein all transaction details are already auto-populated to make the process more efficient.
#### How does HighRadius financial close management software handle audit requirements?
HighRadius financial close management software has ‘task logs’ to help track all changes made to every close task in chronological order. Additionally, accountants can add all collaterals – supporting documents, comments, and web links – to their task for auditors to have all information handy.