September 27, 2017

HighRadius Announces Successful Upgrade to Phase 2 of Same Day ACH Initiative; Customers Set to Benefit From Faster Payments

Full Support for Same Day ACH Debits for Businesses Over the HighRadius™ Payment Platform and Invoicing Presentment Solution Houston, Texas – September 27, 2017 – Suppliers now have the option to offer Same Day ACH settlement to their buyers’ by using the HighRadius™ EIPP Cloud and RadiusOne™ B2B Payment Network. HighRadius EIPP Cloud and the RadiusOne network, which automate digital invoice delivery and facilitate faster collection of payments, recently incorporated this functionality as another step towards helping suppliers leverage faster payment methods for faster receivables conversion. The U.S. payments system has undergone some major changes over the past year. The rollout of the 3-phase Same Day ACH initiative was one of the several notable trends in faster payments. The financial services community witnessed the Phase 2 rollout of Same Day ACH debits on September 15, 2017, after which financial institutions started accepting same-day debits. Same Day ACH payments will be identified by coding the date of the payment using the payment settlement date, thus meeting the deadline defined by the ACH Operator’s same-day processing window. Using HighRadius EIPP Cloud, transaction originators could code the settlement dates in their ACH transactions and select the payment settlement window. They could further show intent for same-day settlement using an optional, yet standardized, same-day indicator in the transaction. Once Same Day ACH Debit capabilities are launched and made available, money will spend less time residing in a bank account for authorized same-day debit transactions and will be posted to accounts faster. While enabling businesses which use the ACH Network to send and receive payments faster, HighRadius, the leading provider of Integrated Receivables™ technology, is committed to optimize cash flow through automation of receivables and payments processes across the credit-to-cash cycle. For more information on our Integrated Receivables solutions, please click here. About HighRadius Corporation HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company. The HighRadius™ Integrated Receivables platform optimizes cash flow through automation of receivables and payments processes across credit, collections, cash application, deductions, electronic billing and payment processing. Powered by the Rivana™ Artificial Intelligence Engine, HighRadius™ Integrated Receivables enables teams to leverage machine learning for accurate decision making and future outcomes. The RadiusOne™ 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. For more information contact: Tara Gallagher Senior Marketing Manager
September, 27, 2022

PwC India and HighRadius Alliance Will Help the Office of the CFO to Embrace Autonomous Finance

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September, 26, 2022

HighRadius Announces Gold Sponsorship of SuiteWorld 2022

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HighRadius Cash Application Software enables the end-to-end automation of the cash application process that covers major benefits such as AI-enabled data capture for remittances, auto-linking of payments with open invoices, cost-cutting on lockbox fees, and easy compatibility with any system due to its ERP-agnostic Saas infrastructure. Apart from the major benefits that it has, there are some key features that can not be missed out, some of them are Email Remittance capture, Discounts and Deductions Handling, Check Remittance Capture, Web Remittance Capture, Invoice Matching, and RDC & Mobile Payments. Improve your efficiency with our order-to-cash templates such as - A/R Aging Report, DSO calculation excel template, A/R Dashboard excel template, credit scoring model for new customers, 21 Credit-collections email template, and Our Ebooks.