Get the Best Accounts Receivable Automation Software

Accounts receivable automation, according to CFOs, is important to:

Save costs
Keep pace with competitor
Improve working capital

To learn about the accounts receivable (AR) optimization plans of your peer finance leaders, check our latest research:

Check out here why HighRadius is named the Leader in Order to Cash by Gartner and get an objective comparison of leading accounts receivable software vendors.

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Trusted by 700+ Enterprise and Mid Market Businesses WorldWide

HighRadius Accounts Receivable Automation Software Powered by AI

  • With Highradius, we have seen Financial Services costs decline by $2.5M while volume, quality and productivity increased
  • Reduce past-due AR by 75%
  • Achieve 90%+ no-touch cash posting for checks and electronic payments
  • Reduce bad-debt write-off by 30%
  • Achieve 40% productivity improvements across credit, invoicing, cash application, deductions and collections processes
...

HighRadius’ solutions helped Staples reduce past dues by 27%, lower bad debt by 20%, and cut down DSO by 6 days

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Danone saved $20 million in working capital, gained 75% productivity improvements, and achieved 98% automated cash application with HighRadius

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Autonomous Accounts Receivable Solution

HighRadius streamlines your accounts receivable operations with Autonomous Receivables solution, powered by OCR, RPA, and AI technologies. This helps you achieve:

  • Real-time visibility into all customer accounts, invoice statuses, actions, and performance
  • Faster customer onboarding
  • Fewer IT resource requirements and expenses
  • Reduce bad-debt write-off by 30%
  • Faster resolution of invoice disputes and short-payments

HighRadius’ Autonomous Accounts Receivable Software Features

Cash application automation

AI-based engine to automate cash application across all payment and remittance formats.

Business credit management

Automate credit scoring, speed up credit reviews and minimize blocked orders.

Electronic invoicing

Customizable invoice templates, auto-invoice delivery, and self-service payment portals for faster and accurate billing

ERP payment gateway

Accept ACH, SEPA and virtual/credit/debit card payments across multiple origination points natively from your ERP system.

Collections worklist prioritization

AI-based algorithm to prioritize high risk customer and organize collectors’ day for better productivity

Claims and deduction management

AI-engine to identify short payments and overpayments, track disputes, and resolve them with automated workflows

Payment predictions

Predict customer payment dates, dispute resolutions, and blocked orders using AI features that work on past data and trends

Receivables analytics

Analyze the performance of credit-to-cash processes with out-of-the-box dashboards, reports and insights

Digital assistant, Freeda

Let Freeda make and record calls, send dunning emails, and create promise-to-pays to improve collector effectiveness index (CEI)

Want to know more about us or have a general discussion on AR automation? Get a free 30 mins consultation.

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We’re also leaders in:

Autonomous Treasury

AI and ML based solution for cash management and cash forecasting. Supports variance and scenario analysis, bank integrations, automated reconciliation, and more for accurate predictions and better decision-making.

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Autonomous Accounting

AI-powered financial close and account reconciliation solution, offering automated data aggregation across ERPs and financial systems, ledger reconciliation, anomaly transaction detection, etc. for faster month-end close and accurate reporting.

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FAQs

HighRadius differentiates itself from the market as the only fully in-house integrated receivables platform powered by AI covering the entire gamut of Credit, Collections, Cash Application, Electronic invoicing and payment processing, and Deductions Cloud with a very high value-driven approach.HighRadius with its wide range of industry expertise primarily focuses on A/R innovations and has successfully completed 1900+ finance transformation projects all across the world. And recently, HighRadius has been selected as the HFS Hot Vendors list based on its offerings’ distinctiveness, ecosystem robustness, client impact, and financial position.

HighRadius is a SaaS company that follows a subscription-based pricing model where you pay-as-you-go which eliminates any sort of upfront cost before using. This sort of pricing is completely different from any conventional software license where the complete cost has to be paid upfront in order to get access to the software. There are a lot of other benefits of using a subscription model over a license such as no server, storage or infrastructure management, no hidden yearly costs of the upgrade, maintenance.etc which helps in improving the efficiency of the process without the headache of running it yourself.

HighRadius thrives on the value provided to each customer through transformation projects. Whether it’s a large global enterprise with multiple business units, a mid-sized company with a simpler IT landscape, or even a small business it tailors to the needs of every customer. And our three core operating principles: reducing the total cost of ownership (TCO) of receivables solutions, delivering a concrete return on investment (ROI), and providing innovative functionality to the market helps us align with our vision and achieve greater success rates for our customers.

Although the entire A/R process could be automated with the HighRadius Integrated Receivables platform. But the best thing about all our solutions is that they are highly modular in nature providing you the option to choose from credit, collections, cash application, deductions, EIPP, and ERP payment gateways with each of these having the capability to be activated as per your requirements. Apart from that, our solution experts always focus on helping our customers choose the most appropriate solution that their business needs for a transformation to happen.

HighRadius is a Cloud-based SaaS solution that is both ERP and third party system agnostic. It can integrate with any ERPs, 3rd party systems, and legacy systems making it a highly adaptive solution.

HighRadius has done over 950 implementations globally with 450+ customers using its integrated receivables solutions across NA, EMEA, LATAM, and APAC. It caters to the local market from its six offices in Houston, London, Amsterdam, Frankfurt, Hyderabad, and Bhubaneswar. With a global employee strength of over 1500 and more than half of these employees purely dedicated to product research and development, HighRadius always continues to come up with new innovations and transformation techniques in the AR space. Apart from that, we also have a dedicated consulting team that provides a step by step guide during and post the implementation of our solutions globally. Having said that we definitely will able to handle any business globally as well as locally.