HighRadius honored second time in a row for disruptive AI-powered tech in Office of the CFO with Autonomous Software for order to cash, treasury and record to report
NEW YORK & HOUSTON — November 11, 2020 — HighRadius, the artificial intelligence (AI)-powered order to cash, treasury management and record to report software provider, has been named to the CB Insights Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology.
The honor marks the second year in a row that HighRadius has been included in the Finance and Accounting section of the Fintech 250. The CB Insights Intelligence Unit reviewed more than 17,000 companies. Winners were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
“We believe that it is easy to be a good company, all you need is good topline growth, reasonable margins and investor returns. But a great company is built when its people love what they do. HighRadius’ recognition in the CB Insights Fintech 250 list for the second consecutive year is a testament to the passion and grit of HighRadians over the last 12 months, which has led to aggressive growth and momentum of our autonomous software platform,” said Sashi Narahari, founder and CEO at HighRadius. “This constant innovation has led HighRadius to develop each solution with deep functionality across our platform, and nurture an obsession to go the extra mile for customer delight and provide them measurable business outcomes.”
“This is the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries. These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more,” said CB Insights CEO Anand Sanwal. “After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We're excited to see how these fintech startups disrupt and transform financial services in the years ahead."
HighRadius has continued to build on its success throughout 2021, starting with a $300 million Series C fundraise that valued the company at $3.1 billion. HighRadius has emerged as a leader in providing autonomous software for the office of the CFO.
Recently, HighRadius expanded its Autonomous Software platform by adding a new Autonomous Accounting offering to help accounting teams complete month-end close activities faster and more accurately. HighRadius has also continued to expand its geographic reach in Europe, opening a new office in Paris, France.
The HighRadius Autonomous Software platform processes over $2.23 Trillion finance transactions annually, which is roughly the gross domestic product (GDP) of France. This volume of data has allowed HighRadius to build function-specific machine learning capabilities across the order to cash, treasury and record to report functions to fundamentally disrupt finance and accounting processes.
About HighRadius Corporation
HighRadius offers cloud-based Autonomous Software for the Office of the CFO. More than 700 of the world’s leading companies have transformed their order to cash, treasury and record to report processes with HighRadius. Our customers include 3M, Unilever, Anheuser-Busch InBev, Sanofi, Kellogg Company, Danone, Hershey’s and many more.
Autonomous Software is data-driven software that continuously morphs its behavior to the ever-changing underlying domain transactional data. It brings modern digital transformation capabilities like Artificial Intelligence, Robotic Process Automation, Natural Language Processing and Connected Workspaces as out-of-the-box features for the finance & accounting domain.
Finance business stakeholders have been led to believe that they have only two choices: pick an application software vendor that digitizes a paper or Excel-based process to an electronic system of record, or, choose a middleware platform for AI or RPA to build and maintain in-house, domain-specific capabilities. In contrast, HighRadius Autonomous Software combines the best of both worlds to deliver measurable business outcomes such as DSO reduction, working capital optimization, bad-debt reduction, reduce month close timelines and improve productivity in under six months.
Click here to see Autonomous Software in action.
CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.