Autonomous Receivables Solution for Pharma & Life Sciences Companies

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.

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.

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.

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.

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.

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.

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.

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