August 13, 2013

HighRadius’ Payments OnDemand has Been Certified by SAP

SAP Electronic PaymentsHighradius’ newly certified Payments OnDemand solution leverages modern technologies and processor tokenization services to maximize credit card security.

HighRadius has announced its Payments OnDemand solution has completed its SAP certification as powered by the SAP NetWeaver technology platform. Card Payments for SAP enables companies to accept electronic payments across SAP solutions, such as order management, accounts receivable, collections, disputes, Biller Direct, CRM and e-commerce. The PCI-DSS compliant solution uses cloud technology to leverage processors’ tokenization services which eliminates the need for the merchant or HighRadius to store credit card information. This minimizes risk and the effort and cost of achieving PCI-DSS compliance for the merchant. A low footprint, native SAP component speeds up deployment while eliminating the need for additional hardware.

This solution has been certified for integration with SAP Netweaver 7.00 via the SAP integration scenario ABAP Add-On Deployment for SAP NetWeaver which confirms the technical and syntactical consistency of the Add-On. Merchants running SAP can leverage the Payments OnDemand solution across multiple payment origination points in SAP. Merchants can accept credit cards when orders are created in SAP Sales & Distribution (SD) or SAP CRM. Merchants call also accept credit card payments directly in SAP Finance & Controlling (FICO) or Collections Management modules for open items. Additionally customers can pay their bills online in self-service mode by leveraging SAP Electronic Invoice Present & Payment (EIPP) solution called Biller Direct as well as their e-commerce stores with direct integration into SAP This standard integration means that these features can be supported at significantly lower cost with minimal implementation.

“We are excited that our newest payments solutions has been officially certified for integration with the SAP NetWeaver technology platform because this provides our customers with a deep level of integration that will not only increase their revenue streams, but will also reduce DSO and collection risk,” said Sashi Narahari, Chief Executive Officer at HighRadius Corporation. He continued by saying that, “We have applied our extensive background and experience working with and implementing SAP systems to making our new payments solution easier to deploy in production than anything else on the market. Our partners and customers have already realized the benefits of this in the form of drastically reduced deployment risk and project costs.”

Last week, HighRadius partnered with First Data to discuss the emerging 3rd generation architecture and associated benefits for electronic payment processing in SAP™ systems. View the recorded webinar HERE.

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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.