The platform has been adopted by companies like Konica Minolta and ConferenceDirect, which have reported significant improvements in their financial processes, such as faster bank reconciliations and reduced close times. HighRadius plans to further enhance its platform to automate up to 90% of Record-to-Report tasks by 2027. The company emphasizes value creation over AI hype, with each AI agent tied to specific business outcomes. HighRadius serves over 1,100 enterprises, including major companies like 3M and Unilever, and has been recognized as a market leader by IDC and Forrester.
Key takeaways:
- HighRadius has been named a Challenger in the 2025 Gartner Magic Quadrant for Financial Close and Consolidation Solutions.
- HighRadius' LiveCube platform automates over 60% of financial close and consolidation tasks using AI agents.
- Excel remains the primary tool for financial close tasks, with 80% of work still done in Excel despite the availability of niche R2R software.
- HighRadius' AI-based anomaly detection reduces month-end workload by 30% and enables continuous close by auto-detecting and resolving up to 70% of anomalies.