Autonomous Receivables Solution for Pharma & Life Sciences Companies

50+

Pharmaceutical & Life Sciences customers

trust HighRadius for their A/R automation

Learn How Sanofi Applied 94% Payments Automatically to the ERP with HighRadius Cash Application

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Overview of Autonomous Receivables Solutions for
Pharmaceutical & Life Sciences Companies

Cash Application
Cash Application
  • 95% straight-through cash posting and automated deductions coding
  • 100% Automated remittance aggregation from cheques, emails, and portals
  • Improved analyst productivity with faster exception handling
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Deductions
Deductions
  • Auto-extraction of backup documents
  • Faster, automated research for trade and non-trade deductions
  • 100% Automatic deduction coding
  • Prioritized deductions resolution with Dispute Validity Predictor
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Other Autonomous Receivables Solutions

Credit

Credit

Reduced bad debt through 100% Real-Time Credit Risk Monitoring and Credit Reports From 40+ Global & Local Agencies
Collections

Collections

15% Lower DSO Through AI-Enabled Worklist Prioritization and Out-Of-The-Box
Reporting
EIPP

EIPP

Automated invoicing via emails, web portals, and fax with 150+ Global payment support for customers

Explore How HighRadius Can Help Pharma & Life Sciences A/R Teams

Increased Cash App Process Accuracy with Auto-Remittance Capture

HighRadius helps automatically capture accurate check remittance data AI-based multiple Optical Character Recognition (OCR) engines. Auto-capture of remittances from emails and EDIs. Leverage web bots to access customer portals and extract web remittances.

AI-Based Remittance Prediction for Complex Remittance Scenarios

HighRadius’ AI-Based remittance prediction suggests missing remittances to payments & allows analysts to choose from multiple suggestions. It enables remittances to be matched based on fields such as – purchase order number, receipt, or receiving data.

Out-Of-The-Box Reporting for Seamless Executive Visibility

The HighRadius Solution offers visibility and insights across metrics such as average time spent in exception handling, header-level, and line-item level hit rates, and the volume of payment processed help in analyzing the overall productivity of the cash application team.

Real-time Payment Tracking enabling 100% Visibility

The HighRadius solution auto-extracts payment status details from customers’ A/P portals. Seamless integration of Cash Application with other A/R processes helps other A/R teams gain visibility into customers’ real-time payment status.

Automated Capture of Claims, Proof of Deliveries

HighRadius Deductions Software leverages RPA to auto-extract claims, proof of deliveries(POD), bill of lading(BOL) from emails, customer, and carrier portals. It auto-pulls promotions and commitments from Trade Promotion Management (TPM) systems.

Automated Trade Promotion Research & Faster Settlement

HighRadius Deductions Software seamlessly integrates with TPMs to match claims with their respective promotions and product-level deals automatically. After matching claims to the promotions and deals automatically, settlement information can be passed to the TPM.

Automated Correspondence simplifies Customer Collaboration

HighRadius Deductions Software leverages AI capabilities with self service remittance portals, it allows customers to engage digitally throughout order to cash processes. Web portal Automation ensures automated push of credit memo and denial correspondences to customer’s A/P portals.

Improved Net Recovery Rate with an AI-based Dispute Validity Predictor

HighRadius Deduction Software leverages AI-Based Dispute Validity Predictor proactively determines the dispute validity to ensure faster resolution cycles and quicker recovery.

Industry Partners & Integrations

We Partner & Integrate with Industry Leaders to Provide Best-in-class Solutions
for the O2C Space.

BPO & Consulting Partners

BPO & Consulting Partners

Banking Partners

Banking Partners

Integration with ERPs

Integration with ERPs

Customer Success Stories

Intuitive Surgical
Johnson & Johnson Consumer Inc
Sanofi
Intuitive Surgical
100%
Increase in Auto-Posting Rates
230K+
Annual Savings in Actual Spends
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‘’HighRadius was that best-in-class solution for Intuitive to be able to reduce the manual workload and increase our automation hit rate, and to ensure that we had something sustainable as we continue to grow.’’

Scott Phillips
Scott Phillips

Head Of Global Finance Shared Services

Johnson & Johnson Consumer Inc
95%
Payments applied by the
system automatically
43%
Reduction in DDO
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“HighRadius, in a very short period, was able to flawlessly implement the cash application solution that gave us very consistent and reliable results. “

Sandra Roth

Manager, Customer Receivables Management - eCommerce

Sanofi
900K
Payments posted each year
using straight-through automation
with AI
50%
Workload elimination with automation
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“The team was executing 385 wire transfers manually on an average per week. With HighRadius, this went down to 128. We were able to remove 50% of the workload and operation effectively. “

Laurent Gueritaine
Laurent Gueritaine

Global Process Owner, Customer Invoicing to Cash

Industry Insights

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eBook

The Must-See Financial Transformations for Pharma & Life Sciences Companies

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Peer Stories

How automation solves organizational challenges with A/R Automation journeys of Pharma & Life Sciences Cos

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Datasheet

Autonomous Receivables Solutions for Order to Cash in Pharma & Life Sciences Companies

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Address Your Unique A/R Challenges with HighRadius

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