Houston, Texas — April 12, 2016 — HighRadius, the leading provider of Credit and Accounts Receivable automation solutions and the confirmed choice of Fortune 1000 companies, today announced that it will be exhibiting at NACHA Payments 2016 in Phoenix, Arizona, April 19 – 22, Booth 133. NACHA Payments 2016 will bring together more than 2,200 forward-thinking payments professionals to network, engage and share information from around the globe. Since 1974, NACHA – The Electronic Payments Association – has served as trustee of the ACH Network, managing the development, administration and rules for the payment network that universally connects all 12,000 financial institutions in the U.S. The Network, which moves money and information directly from one bank account to another, supports more than 90 percent of the total value of all electronic payments in the U.S.
As the NACHA Preferred Partner for Cash Application, HighRadius will be showcasing solutions that optimize automation of electronic payments and help businesses realize the potential of ACH in terms of cost and operational efficiencies. Built on proprietary Artificial Intelligence-based data aggregation technology, the HighRadius cloud-based solution parses remittance documents in any format, including email attachments and web portals, EDI, and paper and images, eliminating manual capture of remittance data and deduction backup. A powerful rules engine matches the payments accurately to open invoices, even in situations where remittance does not provide exact invoice numbers, including partial invoice numbers, payments by purchase order, etc. The HighRadius Cash Application Cloud solution offers easy integration with any ERP system to speed up deployment and reduce need for IT resources allowing financial institutions to improve the value of their wholesale lockbox service and enable corporate clients to increase operational efficiency and to achieve a strong ROI in just a few months.
“The NACHA Payments 2016 conference is a great fit for HighRadius as it shares our focus on education and innovation. The show sessions and exhibiting companies provide insight and direction to identify ways to help financial institutions quickly improve efficiency and reduce operating costs. The Payments conference gives HighRadius maximum exposure to dedicated professionals who are seeking innovation and the latest tools to optimize payment processing,” said Jay Tchakarov, VP of Product Management at HighRadius. “The aim of the conference aligns with HighRadius’ own commitment to providing thought leadership and creating powerful technology that brings real automation and efficiency gains to business processes. Because our Receivables and Payments Cloud solutions are SaaS-based, implementation is quick and cost-effective to deploy, with seamless updates featuring the latest capabilities, making our products the preferred choice for NACHA and clients worldwide.”
HighRadius provides Financial Supply Chain Management (FSCM) software solutions to optimize receivables and payments functions such as credit, collections, cash application, deductions and eBilling. HighRadius Receivables Cloud and Payments Cloud solution suites are delivered as software-as-a-service in the cloud to automate the entire credit-to-cash cycle. HighRadius certified Accelerators for SAP Receivables Management enables large enterprises to achieve advanced business transformation initiatives and leverage their SAP investments with lower TCO. 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 few months. For more information please visit www.highradius.com.
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