HighRadius & NACM Raise the Bar with Commercial Credit Integration

NACM Preferred Partner HighRadius brings the power of industry credit reports directly into credit management to automate manual work, streamlines processes, and reduce risk.

May 5th, 2014 - HighRadius Corporation, a leading provider of Financial Supply Chain Management (FSCM) solutions, and the National Association for Credit Management (NACM), a leading resource for credit and financial management information and education, are proud to announce the completion and go-live of HighRadius’ extensive integration of NACM’s commercial credit reporting services.

This innovative integration automatically parses incoming NACM data and pulls it directly into credit workflows, allowing members to isolate, weigh, score, track, and trend virtually any variable they require. No longer is the member looking at a simple ‘credit report’, they are leveraging the collective experiences of their fellow NACM members, both within their industry group and across the US, and in growing numbers, internationally. Key integration functionality includes account monitoring, alerts, batch processing of credit scores and full reports, and most recently, data reporting to NACM’s National Trade Credit Report (NTCR) database.

“HighRadius raised the bar with the wide array of information our members can obtain through automation and use to directly drive their credit management activities,” said Bill Meeker, Chairman of NACM Tampa, Inc. “The deep integration with HighRadius’ configurable products reduces not only the time and cost of incorporating NACM information into credit workflows, but also the resources needed to share data with the National Trade Credit Report database.”

Meeker’s long time member and early HighRadius adopter, Tech Data Corporation, was the driving force behind these enhancements, driving the integration beyond typical standards. HighRadius also developed a call-out module for Tech Data that easily retrieves data and images from NACM to feed the company’s SAP risk management system. According to Scott Tillesen, Vice President, Credit & Customer Care, The Americas at Tech Data, “The efforts of HighRadius helped streamline our approach to gathering agency data for both automated and manual risk analyses.”

“Businesses are spending too much time manually collecting the various pieces of information they need to make decisions such as credit reports, financials, and historic data. These low-value activities introduce delays and increase exposure to risk. Our partnership with a market-leading credit data provider, such as NACM, is a great complement to our ability to eliminate low-value manual tasks and focus resources on making critical decisions and reducing risk. This focus is key to strengthening our leadership in credit management and automation,” said Sashi Narahari, CEO and President of HighRadius.

To learn more, join us at NACM’s 118th Credit Congress June 8th to 11th, 2014 at the Rosen Shingle Creek Resort, Orlando, FL. Mary Ann Blackmore, Sr. Manager of Advanced Debt Recovery at Tech Data Corporation, and HighRadius will showcase this integration. They will share how automation has drastically improved credit application processing and reviews for Tech Data during the Technology segment of the Executive Exchange sessions on Monday afternoon, June 9th.

About HighRadius
HighRadius improves corporate receivables results by modernizing and streamlining accounts receivables operations. The company’s cloud-based solutions for managing credit, cash application, customer deductions, and collections and certified solutions and services for SAP Receivables Management are trusted by some of world’s most recognizable brand names. Founded in 2006, HighRadius is based in Houston, Texas and is consistently named one of the city’s fastest growing technology companies. For more information, please visit www.highradius.com.

For additional information, contact:
Tara Gallagher
tara.gallagher@highradius.com
281-972-2101

About NACM Tampa
NACM Tampa, and employee owned (ESOP) affiliate of the National Association of Credit Management, provides fully automated commercial credit products and services to its members and the 30+ industry trade groups that it manages across the US. An early adopter of technology, NACM Tampa developed a highly customized software system of which 24 NACM affiliates utilize today to manage and maintain 700+ industry trade groups spanning the US and 119 countries. Known for constant innovation and consistent top performance among NACM affiliates, NACM Tampa has been voted one of Tampa’s Best Places to work numerous times over the last ten years.

For additional information, contact:
Bill Meeker, Chairman & CEO
wmeeker@nacmtampa.com
800-329-6226 x 118
www.nacmtampa.com
Twitter: nacmtampa

About National Association of Credit Management
NACM, headquartered in Columbia, Maryland, supports more than 15,000 business credit and financial professionals worldwide with premier industry services, tools and information. NACM and its network of affiliated associations are the leading resource for credit and financial management information, education, products and services designed to improve the management of business credit and accounts receivable. NACM’s collective voice has influenced federal legislative policy results concerning commercial business and trade credit to our nation’s policy makers for more than 100 years, and continues to play an active part in legislative issues pertaining to business credit and corporate bankruptcy. NACM's annual conference is the largest gathering of credit professionals in the world. This year marks the 118th Credit Congress & Exposition, which will be held from June 8-11 in Orlando. Media is welcome. Contact Dan LaRusso at 410-740-5560 or danl@nacm.org for more information.
Launched in 2011, the National Trade Credit Report (NTCR) is comprised of NACM affiliates’ local and regional databases. NACM’s Preferred Partner Program helps NACM members easily participate in the NTCR initiative through the software they use on a daily basis. Visit www.tradecreditreport.com/index.php/preferred-partners for more information.

For additional information, contact:
Michelle Herman, Business Development
NACM National Database Team
michelle.herman@nacmtampa.com
310-779-4408
www.nacm.org
Twitter: NACM_National