If you're looking for a financial management system that automates financial processes and drives business model innovation, HighRadius is a great choice. This autonomous finance platform uses AI to boost productivity in a range of financial operations like Order-to-Cash, Treasury, and Record-to-Report. It includes tools like AI-based collections management, cash application management and electronic invoicing that connects to many ERPs and banks. HighRadius helps you optimize working capital, lower Days Sales Outstanding (DSO) and increase productivity.
Another good option is Lucanet, which offers a full-featured CFO Solution Platform that automates financial consolidation, planning and reporting. It connects to more than 300 ERP, HR and other source systems to ensure financial and ESG reports are compliance-ready. Key features include consolidation and financial planning, ESG reporting and lease accounting, with a single source of truth for financial data. Lucanet helps finance teams with compliance, transparency and data integrity, which can help drive business growth.
Workday offers a single system for finance and HR, with applications for planning, spend management and analytics. Its Workday Adaptive Planning feature enables collaborative continuous planning, and embedded AI boosts performance and decision-making. The system helps companies adapt to change and make decisions based on a single source of financial, people and operational data, making it a good choice for companies of all sizes.
For a more specialized option, Osfin is an all-in-one finance and accounting automation platform for financial services companies. It automates reconciliation, invoice processing and payouts, and connects to 30+ tools for real-time visibility into cash flows. Osfin simplifies financial operations, reducing the time and effort required for financial tasks, so financial management is more efficient and accurate.