HighRadius Named as a Major Player for Treasury & Risk Management Software by IDC for both Enterprise & Midmarket

Positioned to the right of the graph for its strong alignment between HighRadius’ product strategy and the evolution of the Treasury software market.

Houston, 27 July 2023 - HighRadius, the leading provider of the Autonomous Finance Platform for the office of the CFO, has been named a Major Player in Treasury & Risk Management for both Enterprise and Midmarket by the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Enterprise and Midmarket Treasury and Risk Management Applications 2023 Vendor Assessment reports.

HighRadius has been placed to the right on the axis for Strategies in both reports, indicating the alignment of HighRadius’ future strategy with what customers will require in three to five years.

“Traditionally, treasurers have been handicapped by the inability to make accurate cash forecasts. Highly accurate and automated AI-powered cash forecasts integrated into everyday cash & risk management can help treasurers play the role of strategic working capital management they were always meant to,” said Sashi Narahari, Founder & CEO HighRadius. “Everyone thinks about HighRadius as an order to cash market leader. But, Treasury is one of our fastest growing businesses. We are proud about this recognition from IDC.”

HighRadius’ Autonomous Treasury brings the full suite of treasury capabilities ranging from daily cash positioning for cash flow management, automated bank reconciliations, and the ability to create precise and continually improving cash flow forecasts through patented big data and AI/ML models.

“HighRadius understands what it takes to productize Machine Learning at scale. Their unique architecture delivers the speed and accuracy of machine learning cash forecasting predictions expected of modern-day treasury applications,” said Kevin Permenter, Research Director at IDC.

“We first partnered with HighRadius for invoice to cash. Over the last couple of years, we have been leveraging HighRadius’ AI capabilities to forecast receivables which are helping us transform the strategic value we create for our business to make decisions,” said Jacob Whetstone, Director Invoice to Cash, Danone North America.

“We were looking for a solution that could not only solve our current cash and bank management but also bring AI to produce high-accuracy cash forecasts. HighRadius stood out as a vendor with a vision for the long-term evolution of the Treasury function,” said Kelly Grieshop, Director of Finance-Treasury, Employer Flexible.

Download a complimentary excerpt copy of the 2022-2023 IDC MarketScape for Worldwide SaaS and Cloud-enabled Treasury Management Software market report here.

About HighRadius

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, Connected Workspaces, and LiveCube, a No-code Platform, as out-of-the-box capabilities features for the finance & accounting domain.

About IDC MarketScape

About IDC MarketScape: IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

* IDC MarketScape: Worldwide SaaS and Cloud-Enabled Midmarket Treasury and Risk Management Applications 2023 Vendor Assessment, Doc #US45741720, July 2023

* IDC MarketScape: Worldwide SaaS and Cloud-Enabled Enterprise Treasury and Risk Management Applications 2023 Vendor Assessment, Doc #US45741820, July 2023

Media Contact:

HighRadius Communications Team

press@highradius.com