May 24, 2017

HighRadius Appoints New CFO to Advance Company Through Next Phase of Unprecedented Growth

Johnny Vincent to add his extensive knowledge in software technology finance as part of the HighRadius executive team HOUSTON, TX MAY 24, 2017 HighRadius Corporation, the leader in Integrated Receivables solutions, today announced the appointment of Johnny Vincent to the position of Chief Financial Officer. As CFO at HighRadius, Mr. Vincent will be responsible for ensuring that company finance and strategic objectives enable the organization to continue to drive growth, capitalizing on the increasingly global demand for Fintech enterprise solutions that drive greater efficiency, modernize receivables and automate expensive, manual processes. The executive hire comes as HighRadius continues its rapid expansion, having grown the customer base by more than 200% over the past two years, and opening offices in the United Kingdom. Mr. Vincent’s software industry finance and accounting experience, coupled with his technology background, will be instrumental in the company’s continued growth. Mr. Vincent is a seasoned executive with extensive experience managing finance organizations for high-growth companies, most recently as Chief Financial Officer at Evolve Data Center Solutions, a full-service data center solutions company. “The widespread adoption of machine learning-based automation is transforming the receivables and payables landscape,” said Sashi Narahari, founder and CEO of HighRadius. “Johnny’s proven track record of driving growth at successful companies, combined with his software technology experience and financial leadership, will help us scale HighRadius to take advantage of the large and growing market opportunity for Artificial Intelligence-based innovation. He will be instrumental in providing the finance vision, strategy and leadership to help the company get to the next level of systematic sales growth and gross margin improvement.” Prior to his role as CFO for Evolve, Mr. Vincent also worked as the Chief Financial Officer at Alert Logic, a provider of managed Security-as-a-Service solutions for network, system, and web application security, where he led the finance and administrative functions during a period of rapid growth. Mr. Vincent also previously served as Controller, State & Local Government Sales for Dell. “I am very excited to join the HighRadius team to reinforce the exponential growth curve and unprecedented value creation HighRadius delivers,” said Johnny Vincent regarding his new role. “I am looking forward to working alongside a bright and driven team that employs a cutting-edge approach to software innovation and process transformation. Together we will hone the strategy for the finance and business operations that scales to support our growing customer base.” The HighRadius Integrated Receivables platform is a stand-out as it enables receivables and payables operations to execute business processes real-time. HighRadius realized that the incorporation of an integrated, modular, scalable and customizable solution suite was critical to transform the back-office operations into high-speed efficiency drivers. Using Artificial Intelligence-based technology, receivables and payables work in tandem in a B2B payments network, aligned to reach a common goal, such as increasing working capital to achieve growth objectives. About HighRadius Corporation HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that provides an Integrated Receivables Platform to optimize receivables and payments functions such as credit, collections, cash application, deductions, and electronic billing and payment processing. The Integrated Receivables platform is digitally extended to suppliers via the RadiusOne network, so customers become digitally connected, closing the loop from the supplier receivables process to the buyer payables process. HighRadius solutions have a proven track record of reducing days sales outstanding (DSO) and bad debt, and increasing operation efficiency, enabling companies to achieve an ROI in just a few months. For more information please visit http://www.highradius.com. For More Information Contact:: Tara Gallagher Senior Marketing Manager tara.gallagher@highradius.com
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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.