HighRadius Accounts Payable Solution Software
A software that helps teams can automate invoice processing, streamline approval workflows, seamlessly handle exceptions, ensure compliance, and gain insights through comprehensive reporting. Elevating their Account Payables processes!
Unfortunately, I can only show some screens from this product currently as this are not released in public domain by Highradius.
View Invoice Matching and Resolve Exceptions
- Clearly highlighting to the invoice processor where, what, why the exceptions exist.
- Offering the ability to collaborate with other users by commenting and tagging.
- Being able to navigate to the sources of these invoice lines and view their invoices pdfs/images.
- To be able to understand whether the invoice lines and totals are within accepted tolerance limits.
- Modify the mapping of an invoice lines to different PO and GRN lines.
View & resolve matching of Purchase Order with Invoice and Goods Receipt Note
Get an overview of the invoices that need attention
View Invoice and extracted data highlighted, side-by-side for quicker processing
Sort and filter Invoices
All features listed below were created:
captureAI Invoice Data Capture
Automatically classify and parse emails as invoices, credit notes, and payment queries. Also, extract details from email bodies and attachments. Automate GL coding and cost allocation for Non-PO invoices based on predefined rules
assignment_turned_inException Resolution
Exception worklist provides a sorted list for resolving exceptions by supplier criticality, type, amount, and due date. Exception Auto Clearance uses business rules to auto-resolve exceptions, assign owners and recommend decisions. Moreover, the new processing workflow automates compliant invoice processing while eliminating manual intervention.
local_policeAutomated Matching and Policy Check
Automated matching ensures mandatory fields on invoices, matches supplier and legal entity master data, validates calculations, and flags exceptions. With 3 Way Matching you can match invoice details with both - purchase orders (PO) and goods receipt notes (GRN). Flagging potential duplicate invoices based on key invoice fields becomes faster and policy checks enforce AP policies to control Non-PO spending and manage exceptions.
linked_servicesERP Integration
Schedule batch imports of data like legal entity, COA, and supplier information using SFTP or API connectors in Master Data Import. With transactional data import, the solution pulls POs and GRNs for matching checks. Additionally, invoice posting and payment status integrate invoice approvals and payment updates. With accrual posting, you can automate month-end accruals and reversals quicker than ever.
insert_chartReporting and Analytics
AP Aging Reports help you identify invoice processing times by legal entities and aging buckets. Exception reports support you by highlighting reasons and suppliers for invoice exceptions. The spend analytics dashboard tracks purchase trends and top suppliers. With process and team efficiency reports you can assess invoice processing times, delays, and improvement opportunities - all at your fingertips.
tv_signinAP Workspace
AP professionals can bulk assign or reassign invoices to processors based on workload. Drafting invoices is made easy with autocreation from sources like email and supplier portals. AP processors can add and modify invoices, run validations, and perform realtime matching swiftly. They prioritize exceptions, collaborate with stakeholders, and ensure accurate cost allocation, enhancing efficiency and compliance.
