HighRadius found that 20% of an A/R leader’s critical time is lost in finding the reports to monitor team performance, while 33% of team productivity is spent on simply looking for customer-related data and invoice information. Automation allows finance leaders to invest their time in more high-impact jobs such as evaluating critical accounts, improving risk-awareness, and making data-backed credit decisions to reduce risk exposure.
Order-to-cash executives are well acquainted with the technology that enables automation namely, Robotic Process Automation(RPA) and Artificial Intelligence(AI). What some of them might not be aware of is the relatively new concept called Natural Language Processing(NLP), which is a branch of AI that is concerned with the interactions between an intelligent system and human languages.
In the next section, let us try to understand how NLP can help finance and A/R leaders evolve into a more strategic role.
Rivana acts as the brain to Freeda and leverages the power of AI and Machine Learning(ML) to:
Freeda, on the other hand, sits at the core of the HighRadius Integrated Receivables platform and HighRadius Treasury Management Applications and leverages the NLP algorithm to:
Let us take a look at how Freeda helps finance professionals provide high-quality service to their customers:
Freeda, supported by the AI platform- Rivana, can act as your digital assistant to perform the day-to-day finance operations.
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The HighRadius RadiusOne A/R Suite is a complete accounts receivables solution designed for mid-sized businesses to put their order-to-cash on auto-pilot with AI-powered solutions. It leverages automation to fast-track key accounts receivable functions including eInvoicing & Collections, Cash Reconciliation, and Credit Risk Management powered by RadiusOne A/R Apps to improve productivity, maximize working capital, and enable faster cash conversion. Affordable, quick to deploy, and functionality-rich: it is pre-loaded with industry-specific best-practices and ready-to-plug with popular ERPs such as NetSuite and Sage Intacct. The HighRadius RadiusOne A/R Suite is designed to automate labor-intensive processes while streamlining credit and collections activities for faster A/R processing, better cash flow and improved profitability.
Lightning-fast Remote Deployment | Minimal IT Dependency
Prepackaged Modules with Industry-Specific Best Practices.