HighRadius empowers corporations to modernize receivables in order to lower Days Sales Outstanding (DSO), minimize write-offs, and reduce operating expenses. We offer two product lines as well as implementation services. Receivables Cloud and Payments Cloud are SaaS-based solution suites that automate and improve cash application, invoicing, and credit, collections, and deductions management. HighRadius Accelerators are certified solutions for SAP that enhance the automation available in the Receivables Management modules and reside natively in the application. We provide the most highly specialized expertise in SAP Receivables Management (formerly FSCM) and offer services to implement or optimize each of its modules.
About the Company
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that provides an Integrated Receivables Platform to optimize receivables and payments functions such as credit, collections, cash application, deductions, and electronic billing and payment processing. The Integrated Receivables platform allows suppliers to digitally connect with buyers via the RadiusOne network, closing the loop from supplier receivable processes to buyer payable processes. HighRadiusTM solutions have a proven track record of reducing days sales outstanding (DSO) and bad debt, and increasing operation efficiency, enabling companies to achieve an ROI in just a few months.
About Our Customers
Our products provide value to a wide range of customers and are especially relevant to industries like consumer products, manufacturing, distribution, energy, and others that sell products or provide a service to other businesses like retailers. Our customers range from some of the largest global corporations that run SAP and generate and collect on hundreds of thousands of invoices each day to mid-size enterprises that don’t have the IT resources to consolidate on an ERP platform but still want to streamline receivables processes.
Efficiency and productivity enhancements are central to the value HighRadius provides to our customers. Regardless of what ERP or A/R system is in use, our products automate manually-intensive tasks, streamline communication, and allow standardization of processes to drive best practices into receivables organizations. We empower our customers to not only get paid faster and improve key metrics like Days Sales Outstanding (DSO) but also to improve accuracy in the receivables organization. Risk is reduced by accepting more accurate credit applications and accessing more timely financial data to make faster and better decisions about credit limits. Applying payments to invoices accurately and properly identifying deductions taken by customers is critical to audit performance and cash forecasting.
Inaccuracy in the cash application process can lead to slowdowns and problems throughout the entire receivables lifecycle. Customer satisfaction is enhanced by more accuracy in the way invoices, collections, and deductions are handled. These improvements all contribute to the exceptional return on investment that our customers experience and the very high level of repeat business they give us.