February 09, 2022

HighRadius Reports Accelerating Growth in Europe as Leading Companies Adopt AI-Driven, Autonomous Software to Transform the Office of the CFO

IDC, Bayer speak to the potential for value creation in re-engineering the order to cash, treasury, and record to report functions leveraging HighRadius platform

HighRadius Reports Accelerating Growth in Europe

Frankfurt, 09 February 2022 - HighRadius, the artificial intelligence (AI)-powered order to cash, treasury management and record to report software provider, today announced accelerating growth in EMEA, fueled by innovative technology and a laser focus on value creation for its customers. Since the launch of its European business, the company has deployed over 300 digital transformation projects spanning 37 countries, and expanded its operations with new offices in Paris and Amsterdam to support its rapid growth in the region. HighRadius has also developed Treasury and Record to Report capabilities to complement its industry-leading order to cash solution. New global partnerships with Genpact, Deloitte, Ernst & Young, and Accenture are expected to further drive value creation for HighRadius’ customers and accelerate digital transformation across shared services organizations and in the office of CFO.

Leading consultancy and market research firm IDC spoke to the importance of evolving legacy finance and accounting processes at the Frankfurt press conference. Marco Becker, Senior Consultant at IDC said: “Increasingly complex purchasing processes and digital business models make automated, intelligent and agile Order-to-Cash processes not only a competitive advantage, but also increasingly a necessity in the future.”  IDC recognizes HighRadius as a leader in its IDC MarketScape for Accounts Receivable Automation Software.

Bayer, the leading Life Science Company in the areas of health and nutrition, further evidenced the value unlocked by deploying HighRadius’s AI-powered technology on top of its ERP systems. "HighRadius' Autonomous Receivables provides an end-to-end platform that connects key accounts receivable processes,” said Zahre Cinibulak , O2C- GPO Financial Operations CH/PH. “The platform is able to handle our global Order-to-Cash processes across different countries and business units as well as ERP landscape." Bayer has successfully deployed HighRadius across 12 countries.

Jon Keating, Vice President and General Manager EMEA for HighRadius added, “For decades, efforts to improve account receivables processes have been focused on cost reduction and improving efficiency. This is no longer sufficient - financial processes are a key pillar for customer relationships, and need to evolve to maximize the value of those relationships. Our mission at HighRadius is to help our customers do exactly that.”

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.

Press Contact:

Thomas.Becker@highradius.com

T.: +4917660000066

September, 27, 2022

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

Read More
September, 26, 2022

HighRadius Announces Gold Sponsorship of SuiteWorld 2022

Read More
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.