About the Company
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company. The HighRadiusTM Integrated Receivables platform reduces cycle times in the order-to-cash process through automation of receivables and payments across credit, electronic billing and payment processing, cash application, deductions and collections. Powered by the RivanaTM Artificial Intelligence Engine and FredaTM Virtual Assistant for order-to-cash teams, HighRadius enables organizations to leverage machine learning to predict future outcomes and automate routine labor-intensive tasks. The radiusOneTM B2B payment network allows suppliers to digitally connect with buyers, closing the loop from supplier receivable processes to buyer payable processes. HighRadius solutions have a proven track record of optimizing cash flow, reducing days sales outstanding (DSO) and bad debt, and increasing operational efficiency so companies may achieve strong 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.