Case Study: a leading wholesaler achieves 100% reconciliation across 400+ GL accounts with HighRadius LiveCube

a leading wholesaler achieves 100% reconciliation for 400+ GL accounts with HighRadius

A leading wholesaler faced significant challenges with its manual reconciliation processes for over 400 general ledger accounts. Their fixed asset and inventory reconciliations were reactive, prone to human error, and required 3-4 hours of manual effort per person daily. To address this, the company partnered with HighRadius to implement its Account Reconciliation software and the LiveCube no-code platform.

HighRadius provided a solution that achieved 100% automated data aggregation from the company's ERP system. Using LiveCube, HighRadius centralized the process into a single repository, enabling an integrated Maker Checker Workflow for enhanced control and accuracy. This implementation resulted in 100% reconciliation coverage, automated approximately 75% of the fixed asset and inventory reconciliation, and significantly reduced manual effort, allowing the accounting team to focus on more strategic tasks.