HighRadius Named in the 2023 Forbes Cloud 100 Fourth Year In a Row

Climbs 48 spots for it’s market leadership as the only Autonomous Finance platform for the Office of the CFO with solutions for Order to Cash, Treasury, and Record to Report.

HOUSTON & SAN FRANCISCO – August 8, 2023 – HighRadius, the leading provider of Autonomous Finance Software for Order to Cash, Treasury, and Record to Report, has been named to the Forbes 2023 Cloud 100 for the fourth year in a row. The list gives a definitive ranking of the world's top 100 private cloud companies, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. This marks the fourth year in a row that HighRadius has made it to the prestigious list, based on an evaluation process across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%).

Continued Market Leadership in Order to Cash

• Leader in the Gartner Magic Quadrant for Integrated Invoice-to-Cash, two years in a row.
• Launched LiveCube - the first-ever no-code platform for the office of the CFO.
• $7.7+ trillion in finance transactions were processed on HighRadius’ Autonomous Finance platform in the last 12 months. This is roughly a third of the US GDP, and the volume grew 65% compared to the prior year.
• 24% expansion in client-base over the previous year with 800+ clients, with a 43% increase in the mid-market customer base.
• Added 5th European office in Poland, in addition to the offices in Houston, London, Amsterdam, Frankfurt, Paris and India.

Strong Growth in Treasury & Record to Report

• IDC named HighRadius as a Major Player in Treasury & Risk Management in the 2023 Marketscape for Treasury & Risk Management Software for both Enterprise & Midmarket.
• Launched industry-first AI-powered Anomaly Management for Account Reconciliation as part of HighRadius’ Autonomous Accounting solution to help accounting teams achieve ‘continuous close’

“The office of the CFO has been short-changed by legacy ERPs and siloed platforms that only solve one function at a time.” said Sashi Narahari, Founder & CEO of HighRadius. “We are betting big on the HighRadius Autonomous Finance platform as the first-ever multi-functional platform for the office of the CFO covering order to cash, record to report, treasury and other finance functions.”

“The companies of the Cloud 100 list represent the best and brightest private companies in this crucial tech sector,” said Kenrick Cai, the Forbes editor of the Cloud 100. “This year’s companies had to react rapidly to AI’s sweeping impact while contending with a market pullback. Their resilience puts them in elite company. Congratulations to each of the 2023 Cloud 100 honorees and the 20 Rising Stars who are showing early potential to one day join their ranks.”

The Forbes 2023 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100.

Highlights of the list appear in the August/September 2023 issue of Forbes magazine.

About HighRadius Corporation

HighRadius offers cloud-based Autonomous Software for the Office of the CFO. More than 800 of the world’s leading companies have transformed their order to cash, treasury, and record-to-report processes with HighRadius. Our customers include 3M, Unilever, Anheuser-Busch InBev, Sanofi, Engie GBS Solutions, Kellogg Company, Danone, Hershey’s, and many more.

Autonomous Software is data-driven software that continuously morphs its behavior to the ever-changing underlying domain transactional data. It brings modern digital transformation capabilities like Artificial Intelligence, Robotic Process Automation, Natural Language Processing, and Connected Workspaces as out-of-the-box features for the finance & accounting domain.

Finance business stakeholders have been led to believe that they have only two choices: pick an application software vendor that digitizes a paper or Excel-based process to an electronic system of record, or choose a middleware platform for AI or RPA to build and maintain in-house domain-specific capabilities. In contrast, HighRadius Autonomous Software combines the best of both worlds to deliver measurable business outcomes such as DSO reduction, working capital optimization, bad-debt reduction, reduced month end close timelines, and improved productivity in under six months.

Click here to see Autonomous Software in action.

About Bessemer Venture Partners

Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has $20 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio). 

About Forbes

Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 45 licensed local editions in 76 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements.

About Salesforce Ventures

Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works. Since 2009, we’ve invested in and partnered with more than 400 of the world’s most tenacious enterprise software companies from seed to IPO, including Anthropic, Cohere, Airtable, Databricks, DocuSign, Guild Education, monday.com, nCino, Snowflake, Snyk, Stripe,

Tanium, and Zoom. Salesforce Ventures leverages our decades of expertise in the cloud and our long-term relationships with key decision-makers at thousands of businesses around the world to give our portfolio companies an advantage, help them build credibility, and accelerate growth. Salesforce Ventures has invested in more than 25 countries with offices all over the

world including in San Francisco, Irvine, New York, London, and Tokyo. Follow @SalesforceVC and learn more at http://www.salesforceventures.com.