HighRadius Launches RadiusOne A/R Suite to Automate Accounts Receivable for Mid Sized Businesses
With lightning-fast deployment in weeks, the solution includes automation for eInvoicing & Collections, Cash Reconciliation and Credit Risk Management
HOUSTON — May 28, 2020 — HighRadius, a fintech enterprise Software-as-a-Service (SaaS) company specializing in automating the order-to-cash and treasury management processes, today announced the launch of RadiusOne A/R Suite for mid-sized businesses. With simpler user experience and faster time-to-value, the solution reinforces HighRadius’ investment in innovation and vision to make Accounts Receivables automation a key catalyst for business growth.
In the face of escalating focus on cash flow due to slow down in AR collections, mid-sized businesses are looking for sophisticated work-from-anywhere accounts receivables solutions to continuously monitor risk of their entire customer portfolio and perform effective collections. RadiusOne A/R Suite uniquely positions itself in an untapped and underserved market by offering an eInvoicing & Collections App, Cash Reconciliation App, and Credit Risk App to help mid-sized businesses wield accounts receivables automation technology to overcome their biggest challenges in working capital optimization.
“We launched the RadiusOne B2B Network to facilitate suppliers and A/R teams to digitally connect with their buyers and A/P teams for faster processing of receivables and payments. Currently, the network has millions of active businesses. The RadiusOne A/R Suite will provide the essential apps for A/R teams at mid-sized businesses to instantly plug their ERPs and A/R processes into this network and digitally connect with their buyers across the globe,” said Sashi Narahari, Founder & CEO, HighRadius. “COVID-19 is putting a lot of working capital strain on businesses globally. We are hoping to help by automating clerical A/R processes for mid-sized businesses and by reducing the friction for supplier A/R teams to digitally collaborate with their buyers and A/P teams.”
The RadiusOne A/R Suite includes:
- eInvoicing & Collections App: Automated collections, e-invoicing, and payments acceptance for faster conversion of your outstanding invoices to cash, lower DSO, low-cost invoicing, and payments via ACH and credit cards.
- Cash Reconciliation App: Automated remittance capture and cash reconciliation to enhance productivity and enable focus on downstream processes such as Credit and Collections.
- Credit Risk App: Automated credit scoring with in-built credit data for faster customer on-boarding. Mitigate risks by monitoring your customer portfolio, highlighting adverse credit events.
With out-of-box integration with Netsuite, MS Dynamics, Sage Intacct, and Infor, the RadiusOne A/R Suite is pre-loaded with configurations based on industry-specific best-practices and can be deployed in a few weeks with minimal IT intervention.
About HighRadius Corporation
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company which leverages Artificial Intelligence-based Autonomous Systems to help companies automate Accounts Receivable and Treasury processes. The HighRadius® Integrated Receivables platform reduces cycle times in your order-to-cash process through automation of receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections. HighRadius® Treasury Management Applications help teams achieve touchless cash management, accurate cash forecasting and seamless bank reconciliation. Powered by the Rivana™ Artificial Intelligence Engine and Freeda™ Digital Assistant for order-to-cash teams, HighRadius enables teams to leverage machine learning to predict future outcomes and automate routine labor-intensive tasks. The radiusOne™ B2B 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. To learn more, please visit www.highradius.com