Autonomous Receivables Solutions for Computer Software Companies

45+ Customers
Use Highradius A/R Solutions Across the Globe

2 Out of the Top 5
Tech Giants Trust Highradius for their A/R Automation

Learn how Ivanti, a leading computer software company was able to zero invoices past-due beyond 90 days.

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HighRadius Deductions Management Cloud-based Software
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Overview of Autonomous Receivables Solutions for Computer Software Companies

Collections
Collections
  • Auto-Prioritized Worklist to Identify the High-Risk Customers
  • 100% Automated Dunning for All Customer Portfolios
  • Automated capture & Recording of customer calls, Notes & P2P’s
0
invoices past-due beyond 90 days
Cash Application
Cash Application
  • AI-Based Remittance Prediction for Missing & Complex Remittance Scenarios
  • Auto Remittance Capture from Emails, EDIs, Checks, Customer Portals
A Leading Computer Software Company
83%
Automated Cash App
Credit
Credit
  • 100% Real Time Credit Risk Monitoring with HighRadius’ AI-Powered Credit Management Software
  • Lower Blocked Order Volume with AI-Based Predictions
4
Hours Saved in Order Processing

Other Autonomous Receivables Solutions

Why Computer Software A/R Leaders Trust HighRadius

Accelerating business agility by Delivering Value in the first 90 days
Accelerating business agility by Delivering Value in the first 90 days

Growth rate in the high tech space is much more compared to other industries. Thus, the demand is manifold to provide value at a faster pace.

30-40% Higher Efficiency on Higher-value Tasks, more scalable teams
30-40% Higher Efficiency on Higher-value Tasks, more scalable teams

For instance, Ivanti, a leading computer software company, has repurposed 90% of analysts’ time on researching & contacting top customers, which also results in increasing the working capital.

Digitally transforming High Tech companies with out of the box features
Digitally transforming High Tech companies with out of the box features

The Industry is largely focused on AI and ML-driven automation, and the maturity of adoption of these models is the most – compared to other industries.

Highly configurable solutions to support multiple lines of businesses
Highly configurable solutions to support multiple lines of businesses

The computer software industry has a variety of products to offer. They need different types of invoices to be generated based on different tax structures, etc. With Highradius, companies can easily configure the solution according to their business requirements.

Integrate disparate systems into one composite system within 5-6 months
Integrate disparate systems into one composite system within 5-6 months

Mergers & Acquisitions(M&A) are much more common in the High Tech space. The focus is on building substantial IP systems to adopt numerous technologies. Therefore, a considerable amount of disparate systems are seen over time.

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Cash Application for Complex Remittance Scenarios

HighRadius’ AI-Based remittance prediction suggests missing remittances to payments coming in and allows the analyst to choose from multiple suggestions provided by the solution. It allows the remittances to be matched based on various fields like the purchase order number, receipt, or receiving data.

Auto-Remittance Capture from Checks, Emails, EDIs, Portals

Leverage AI-based multiple Optical Character Recognition (OCR) engines to capture check-stub data accurately. Auto-capture remittances across email body, attachments, EDIs, and deploy web bots to log into customer portals and extract web remittances securely.

Real-Time Visibility into Collections Metrics and Collector’s KPIs

HighRadius’ AI based collections software can effortlessly extract and store the information from calls, emails and other correspondences. The AI leveraged dashboards provides enhanced real time visibility into crucial metrics like employee KPIs by recording analysts’ performance.

Faster Receivables Recovery with AI-Based Worklist Prioritization

With the AI-Leveraged Collections Cloud, collectors can have an auto-prioritized worklist. They can easily identify high-risk customers with the help of this auto-prioritized worklist. With its AI capabilities, the software helps the collections team to improvise their collection strategies for a faster past-due recovery.

Automated Dunning via Emails and A/P Portal Integrations

With Highradius Collections Cloud Scale-up dunning outreach with automated emails, fax. Consolidate customer’s email responses in Collections to eliminate switching platforms. Auto-push invoices to A/P portals and get real-time visibility into payment data against open invoices.

100% Real-Time Credit Risk Monitoring to Ensure Lower Bad Debt

Highradius Credit Management System leverages AI to enable 100% real time credit risk monitoring of the customer portfolios on a daily basis. The credit teams in this industry can easily pull credit reports, ratings, financials and other important information from 40+ global agencies like D&B, Experian, CreditSafe, Equifax and Serasa.

Auto-capture of Backup Documents with HRC Deductions Software

With Highradius Deductions Cloud, analysts can automatically extract all the data from Trade Promotion Management Systems and store all the documents into a single repository. This helps High-Tech Computer Software companies to save analysts’ time for more critical tasks like research and contacting high-risk customers.

Improved Customer Experience with a Self-Service Portal

HighRadius EIPP cloud enables real-time visibility into the billing and the payments process and provides self-service customer portals. Thereby, analysts can log in and view details of outstanding invoices and the customers can make payments via credit cards and ACH. Additionally, it also eliminates high paper and courier costs.

Industry Partners

We Partner with Leading BPOs, Consulting Firms, Banks and Integrate with ERPs to Provide Best-In-Class Solutions for the O2C Space

BPO & Consulting Partners

BPO & Consulting Partners

Banking Partners

Banking Partners

ERP Systems

ERP Systems

Customer Success Stories

ivanti
Micro Focus
Leading Digital Experience Software Company
ivanti
0
invoices past-due beyond 90 days
20%
Year Over Year Business Growth

“The system did all the heavy lifting; it was reaching out to every customer. And it was pretty amazing, to see all these customers reaching out, wanting to pay bills, wanting to get it resolved, instead of my people having to hunt them. Didn’t matter what amount was the invoice, everyone was getting contacted.”

Tony Hiatt
Tony Hiatt

Global Credit Manager, Ivanti

Micro Focus
1
Analyst Needed per Region
4 HRS
Saved in Order Processing

"One of our top priorities was to have a SaaS-based best-in-class IT stack for all functions, and when it came to A/R- HighRadius was our choice."

Paul Heard
Paul Heard

Former Digital Transformation Leader and Head of Enterprise Architecture

Leading Digital Experience Software Company
86%
Reduction in DSO
83%
Automated Cash App

Due to its multiple acquisitions and business units, the leading computer software company was facing a number of challenges in their existing A/R landscape such as lack of 360 deg view of the customers and a complex collections management process. Discover how HighRadius’ Autonomous Solutions helped them in overcoming these challenges along with improving their CX.

Industry Insights

Datasheet

Autonomous Receivables Solutions for Order to Cash in Computer Software Companies

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Webinar

Learn how a leading computer software company improved the cash flow

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Blog

Remittance Capture & Data Aggregation: 4 Strategies To Ace Your Game

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