June 07, 2011

Paymetric Inc. And HighRadius Form Partnership To Deliver Automated Receivables Management Solutions For SAP® Customers

Atlanta, GA, June 7, 2011 – Paymetric, Inc., the leading provider of integrated and secure payment acceptance solutions, announced today that it has entered into a referral partnership with HighRadius Corporation, a niche supplier of Financial Supply Chain Management (FSCM) solutions. Under the agreement, both companies will actively promote each other’s solutions to their respective SAP customers.

“HighRadius’ FCSM solutions directly complement Paymetric’s integrated electronic payment and tokenization offerings,” said Larry Wine, president and CEO, Paymetric, Inc.“This partnership delivers SAP® customers a complete solution to automate and optimize all of their receivables functions, streamlining the order-to-cash process and improving efficiencies.”

Paymetric’s XiPay™ On-Demand and XiSecure™ On-Demand solutions enable companies to securely manage, accept and integrate virtually every type of electronic payment originating from any enterprise system. Both solutions operate in an extremely secure, cost-effective way, utilizing Software-as-a-Service (SaaS) delivery and tokenization technology, respectively. Ultimately, Paymetric’s solutions lower the customers’ total cost of ownership (TCO) via:

  • Inclusive monthly service fee, reduced installation costs
  • Reduced billing, collection, administrative, customer attrition and IT costs
  • Reduced interchange fees
  • Minimized cost of compliance
  • Reduced threat of a data security breach

HighRadius is the only niche implementer in the market of SAP® FSCM modules: Collections Management, Dispute Management, Credit Management and Biller Direct. HighRadius also provides the following complimentary software solutions to SAP® FSCM:

  • Cash Application Automation
  • Dispute Resolution Accelerator
  • Credit Debit Matching Engine
  • Credit Memo Approval
  • FSCM Correspondence Automation
  • POD & Claims Automation
  • Credit Decision Accelerator

”We are continuously looking for ways to bring innovative solutions to the credit and collections departments of our customers”, said Sashi Narahari, President and CEO, HighRadius. Enabling electronic payments can directly impact the days sales outstanding (DSO) of an accounts receivables department. Paymetric electronic payment offerings and their deep integration to SAP® is the perfect complement to our mutual customers in the SAP eco-system” Paymetric and HighRadius will conduct a joint presentation at the One Day SAP® Financial Supply Chain (FSCM) Seminar. The event is put on by the Credit Research Foundation, SAP® and High Radius.

ABOUT PAYMETRIC

Paymetric, Inc.is the leading provider of integrated and secure electronic payment acceptance solutions that enable companies to streamline the order-to-cash process, reduce the scope and financial burden of achieving PCI compliance and improve return on electronic payment acceptance. Paymetric’s solutions support virtually every type of electronic payment in any enterprise system where payment is accepted. Paymetric is recognized as an industry leader and is a three-time award-winning SAP® certified partner. Visit  www.paymetric.com for additional information.

ABOUT HIGHRADIUS

HighRadius provides Financial Supply Chain Management (FSCM) software solutions to optimize receivables functions such as cash application, credit, collections and deductions. HighRadius’ software has a unique delivery model that does not require independent enterprise software deployment and operation. The software is offered either via the cloud as a hosted Software as a Service (SaaS) model or as a plug-in that gets imported into large scale ERP system such as SAP® and complements its existing functionality. HighRadius solutions enable companies to lower days sales outstanding (DSO), minimize write-offs and reduce operating costs. Headquartered in Houston, Texas, HighRadius’ customers include Warner Brothers, Estee Lauder, Callaway Golf, Adidas and Georgia Pacific.

For more information, contact: Jessica Wine jwine@paymetric.com 678-984-4473

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