Question: I'm looking for a financial platform that automates reporting and consolidation to reduce errors and increase efficiency.

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Lucanet

If you're looking for a financial platform to automate reporting and consolidation, Lucanet is a full-featured option. It automates and streamlines financial consolidation, planning and reporting, and offers a single source of truth for financial data. With connectors to more than 300 ERP, HR and other source systems, Lucanet offers compliance-ready financial and ESG reports and supports global financial operations with multcurrency conversions. That makes it a good option for achieving data accuracy, transparency and compliance.

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Datarails

Another contender is Datarails, which automates data consolidation, financial reporting and budgeting for finance pros using Excel. It connects to common accounting software, ERPs and CRMs, consolidating financial data into one system. Datarails offers features like monthly close, budgeting, forecasting and AI-powered insights so users can work more efficiently and focus on strategic insights and business growth.

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Syft

For consolidating data from multiple sources, Syft is a full-featured financial reporting platform. It consolidates data from multiple accounting software, e-commerce platforms and ERPs into one system, offering customizable dashboards, standard financial reports and AI-driven data review for accuracy. Syft is enterprise-grade secure and offers a variety of pricing plans, including a free Basic plan, so it's good for accountants and companies.

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HighRadius

Last, HighRadius is an autonomous finance platform that uses AI to automate financial operations. It helps the Office of the CFO with a variety of processes like Order-to-Cash and Record-to-Report, boosting productivity and improving cash flow. HighRadius connects to multiple ERPs and banks, ensuring data flows easily and minimizing IT dependencies, so it's a good option for accelerating financial closes and reducing Days Sales Outstanding.

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