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.
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.
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.
‘’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.’’
“HighRadius, in a very short period, was able to flawlessly implement the cash application solution that gave us very consistent and reliable results. “
“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
Global Process Owner, Customer Invoicing to Cash
Industry Insights
eBook
The Must-See Financial Transformations for Pharma & Life Sciences Companies
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