Recurring Annual Savings
No-Touch Cash Posting
Vice President – Financial Services
Dr Pepper Snapple Group
Accounts Receivable(A/R) automation software modernizes the accounts receivable processes with the help of Artificial Intelligence (AI) and Robotic Process Automation (RPA) to reduce repetitive and time-consuming tasks. A/R Automation frees up time for A/R teams to focus on higher-value work, such as reducing days sales outstanding(DSO), monitoring high-risk accounts to mitigate bad debt, instead of keying in remittance data, printing documents, downloading backup documentation.
With HighRadius’ automation software for accounts receivable you could achieve:
Automate cash application across all payment and remittance formats.
Automate credit scoring, speed up credit reviews and minimize blocked orders.
Automate and optimize the credit and collections management processes to improve collector efficiency, minimize bad debt write-offs, improve customer relationships, and reduce DSO.
Streamline invoicing and collections through e-billing and payments software for low-cost invoicing and payments via ACH, SEPA, virtual cards, and credit cards.
Enable a proactive deduction management operation for identifying and resolving invoice disputes and short payments to improve profitability.
Accept ACH, SEPA and virtual/credit/debit card payments across multiple origination points natively from your ERP system while complying with PCI-DSS guidelines.
Analyze the performance of credit-to-cash processes with out-of-the-box dashboards, reports and insights.
Enable digital collaboration between supplier A/R processes and buyer A/P processes.
HighRadius Cash Application Cloud enables the end-to-end automation of the payment reconciliation process that covers remittance aggregation from different sources/formats, payment linking, invoice matching, deduction coding, and posting it to all major ERP software like SAP and Oracle.
HighRadius' AI and Machine Learning powered Order-to-Cash software streamlines and automates key
O2C processes including credit, collections, invoicing, cash application and deductions.
Highradius's comprehensive Credit Risk Decisioning Solutions enable Quick and More Accurate Decisions to streamline the Order-to-Cash Process using Automation and AI.
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 950+ 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.