Autonomous Software

for the Office of the CFO

Data-driven software that uses technologies like AI to continuously morph its
behavior based on the ever-changing underlying domain transactional data.

Enables modern digital transformation capabilities – Artificial Intelligence,
Robotic Process Automation, Natural Language Processing, and Connected
Workspaces – as out-of-the-box features for the finance & accounting domain.

Customers
Why Autonomous Software?

B2B Software has only evolved from paper-and-file cabinets to electronic systems of record!

Gen 1 (1980s)

Mainframes

IBM mainframe-based custom software purpose-built in Cobol for each business process.

mainframes

Gen 2 (2000s)

On Prem Applications

Gen 2 off-the-shelf software such as SAP and Oracle that gave companies the economies of scale to avoid custom development.

On-Prem-Applications

Gen 3 (2010s)

Cloud Software

Multi-tenant SaaS such as Salesforce that furthered the economies of scale to companies by eliminating the need to invest in non-application layers including hardware, operating system, database software, middleware, and an army of IT talent for maintenance.

cloud-software

Not Intelligent!

B2B software is mostly dumb software that is a record management system with Create, Read, Update & Delete (CRUD) functions with hardwired business rules.

Kills User Freedom!

B2B software users have minimal to no capability to modify the software behavior and rely on IT or vendors. Financial Analysts still spend 70% of their time in spreadsheets due to this (referred to as Excel-hell)

So what is Autonomous Software?

Autonomous Software is Gen 4 software architecture that will disrupt Gen 3 software and deliver data-driven software. Much like the B2C revolution in the past decade with consumer applications such as Amazon, Netflix, Pinterest, LinkedIn, Facebook, Uber that are highly data-driven in their respective domains and have fundamentally transformed consumer experience in the digital era.

Autonomous Software Architecture Overview

software architecture overview

Experience Layer

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Enterprise Web UI

Thin client web-based user interface typical of multi-tenant SaaS applications versus traditional client-server user interfaces.

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Mobile UI

Responsive, touch-enabled, mobile-compatible user interface that adapts to mobile phone and tablet form factors.

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Digital Assistant

HighRadius Freeda is voice-enabled and chatbot enabled and continuously trained on the order-to-cash domain.

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Connected Workspaces

Ability for users to ‘punch out’ from the Enterprise Web UI to an Excel-like workspace without exporting data and building models. These workspaces are pre-connected with enterprise datasets and eliminate offline Excel legwork but retain the familiar Excel user experience.

Automation & Intelligence Layer

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Heuristics & Analytics

Out-of-the-box analytics specific to the domain, so that users never have to build reports in Excel or 3rd party tools like Tableau. Example: dotONE Performance for order-to-cash.

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RPA

HighRadius offers over 1000 web agents for order-to-cash use-cases that are enabled out-of-the-box so that our clients don’t have to build and manage these bots via their in-house RPA centers of excellence teams. HighRadius integrates with A/P portals (such as Ariba, Coupa, AvidXchange), retailer websites (such as Target, Walmart), and carriers (such as UPS).

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Artificial Intelligence

The application of supervised and unsupervised machine learning algorithms across the order-to-cash domain for ‘Unstructured Data Extraction’ such as capturing remittance information from emails and images, and for ‘Predicting Future Outcomes’ such as using past-to-present transaction data to predict invoice payment dates and future credit utilization.

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Natural Language Processing

Set of technologies that performs real-time speech-to-text processing and user-intent identification specific to the order-to-cash domain to perform Live call transcription and interpret email correspondence into actionable next steps.

Domain Big Data

$2.2 Trillion Transactions

Autonomous Software is Gen 4 software architecture that will disrupt Gen 3 software and deliver data-driven software. Much like the B2C revolution in the past decade with consumer applications such as Amazon, Netflix, Pinterest, LinkedIn, Facebook, Uber that are highly data-driven in their respective domains and have fundamentally transformed consumer experience in the digital era.

Platform Layer

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APIs

Native out-of-the-box integration to the top 10 ERPs, banks, credit bureaus, and others. For non-top integrations an ability to use an integration platform-as-a-service (iPaaS) as a low-code/no-code tool to deliver quick integrations.

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Application Platform as a Service

Low Code/No Code capability to extend the core domain application objects and properties by admin users across HighRadius, Clients, and Partners.

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Connected Workspace Studio

‘Citizen Developer’ functionality for end-users to extend standard objects and define custom objects and properties in an excel-like user experience to deliver ‘freedom’ of platform extensions.

Understand how Autonomous Software
can transform your finance function.

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Autonomous Software

for the Office of the CFO

Order to Cash

Credit

Automated, proactive credit reviews and faster customer onboarding

EIPP

Electronic invoicing through web, email, fax, print + mail and easy payments with ACH, credit cards

Cash Application

Zero-touch, straight-through remittance capture and payment posting

Deductions

Automated research and resolution of trade and non-trade deductions

Collections

Automated dunning, improved collector KPIs, lower past-due and DSO

Treasury and Risk Management

Cash Forecasting

Accurate cash flow forecasts delivered automatically by Artificial Intelligence

Cash Management

Enable greater visibility and control on cash positions across all your bank accounts

Record to Report

Financial Close

AI-Powered Close Management for integrated accounting

Account Reconciliation

Connected Workspace for integrated accounting

sashi key note

Take a look at what the Future of Order to Cash looks like with Autonomous Software

See it in action