IDC MarketScape positions HighRadius as Leader in Worldwide SaaS and Cloud-Enabled Accounts Receivable Applications
Selection based on AI-based Innovation and Integration Across Entire Order to Cash Process
HOUSTON — March 19, 2019 — HighRadius, a fintech enterprise Software-as-a-Service (SaaS) company specializing in automating the order to cash process with its Integrated Receivables platform, today announced that IDC has named the company as a leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Receivable Applications 2019 Vendor Assessment (doc #US44754719, January 2019).
The IDC MarketScape methodology is a rigorous review of a broad set of widely deployed vendors in the SaaS and Cloud-Enabled Accounts Receivable Software space based on innovation, buyer/supplier collaboration, partner ecosystem and market position.
This recognition comes on the heels of HighRadius’s recent release of their Autonomous Receivables offering, fundamentally transforming the way order to cash teams work and offload tasks to smart digital assistants.
“HighRadius leverages Artificial Intelligence to convert receivables faster and more effectively by using machine learning for accurate decision-making across order to cash processes,” concluded the IDC MarketScape analysis. “It provides a solution that easily integrates with existing ERP systems and/or on-prem deployments, capable of handling large and complex processes and IT landscapes.”
For more information or to read the full assessment, please visit: https://info.highradius.com/idc-marketscape-2019
About IDC MarketScapes
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) 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. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About HighRadius Corporation
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company. The HighRadiusTM Integrated Receivables platform reduces cycle times in your order-to-cash process through automation of receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions and collections. Powered by the RivanaTM Artificial Intelligence Engine and FreedaTM Virtual Assistant for order-to-cash teams, HighRadius enables teams to leverage machine learning to predict future outcomes and automate routine labor-intensive tasks. The radiusOneTM B2B payment network allows suppliers to digitally connect with buyers, closing the loop from supplier receivable processes to buyer payable processes. HighRadius solutions have a proven track record of optimizing cash flow, reducing days sales outstanding (DSO) and bad debt, and increasing operational efficiency so that companies may achieve strong ROI in just a few months. To learn more, please visit www.highradius.com.