IDC has named HighRadius a leader in the 2020 to 2021 Worldwide SaaS and Cloud-Enabled Accounts Receivable Applications Vendor Assessment after evaluating various vendors on the key criteria below:

  • Does the vendor have enough experience successfully implementing financial solutions? Does the vendor have experience with my type of product, service, and company size?
  • Does the vendor understand the regulations that will impact my business? How are these regulations reflected in my current product and how will it change in the future?
  • What levels of support are available and are they geographically available for my business?
  • What is the vendor's strategic investment outlook for the next three to five years? Why? How will that change and
    enhance my business?
  • Is the ROI achievable? Does the vendor have a track record of meeting the ROI requirements?

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT 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. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles.

Reading an
IDC MarketScape

For the purposes of this analysis, IDC divided potential key measures for success into two primary categories: capabilities
and strategies.

Positioning on the y-axis reflects the vendor's current capabilities and menu of services and how well aligned the vendor is to customer needs. The capabilities category focuses on the capabilities of the company and product today, here and now. Under this category, IDC analysts will look at how well a vendor is building/delivering capabilities that enable it to execute its chosen strategy in the market.

Positioning on the x-axis, or strategies axis indicates how well the vendor's future strategy aligns with what customers will require in three to five years. The strategies category focuses on high-level decisions and underlying assumptions about offerings, customer segments, and business and go-to-market plans for the next three to five years. The size of the individual vendor markers in the IDC MarketScape represents the market share of each individual vendor within the specific market segment being assessed.