More than 70% of cash managers spend nearly 15 hours per week on trivial tasks that can be automated with AI. Automating these tasks can save millions of dollars in staff time every year, and substantially speed up the cash management process while simultaneously improving employee productivity, efficiency, and reporting.
Here is how automating the cash management process can help cash managers.
That is just the tip of the iceberg of what automation can do to transform the current cash management landscape. Highradius is the leading, global provider of Treasury cash management software. Our scalable solution helps more than 2500 companies around the world to better manage cash positions. It’s easy to use and can be accessed from any place or device, very little help from your IT personnel is needed to get started.
1. Integrate with multiple data sources via APIs and sFTP. Connect seamlessly with all banks, ERPs, and independent market data sources to process files in all formats including XML, BAI2, MT940, ISO20022, XLS, and CSV.
2. Record and explore expected and actual transactions. Cash Transaction Explorer allows users to create cash or intercompany transactions and explore them with advanced search functionality.
3. Get a 360-degree view of companywide cash positions. Check real-time cash positions across bank accounts, companies, pools, and currencies in user-defined worksheet templates with transaction-level drill-down capability.
4. Automate reconciliation of previous day transactions. Auto-reconcile transactions are based on standard and user-defined tagging rules while the rare exceptions are reconciled by creating transactions automatically or manually.
5. Manage and track intercompany balances and notional pools
HighRadius stands out as a challenger by delivering practical, results-driven AI for Record-to-Report (R2R) processes. With 200+ LiveCube agents automating over 60% of close tasks and real-time anomaly detection powered by 15+ ML models, it delivers continuous close and guaranteed outcomes—cutting through the AI hype. On track for 90% automation by 2027, HighRadius is driving toward full finance autonomy.
HighRadius leverages advanced AI to detect financial anomalies with over 95% accuracy across $10.3T in annual transactions. With 7 AI patents, 20+ use cases, FreedaGPT, and LiveCube, it simplifies complex analysis through intuitive prompts. Backed by 2,700+ successful finance transformations and a robust partner ecosystem, HighRadius delivers rapid ROI and seamless ERP and R2R integration—powering the future of intelligent finance.
HighRadius is redefining treasury with AI-driven tools like LiveCube for predictive forecasting and no-code scenario building. Its Cash Management module automates bank integration, global visibility, cash positioning, target balances, and reconciliation—streamlining end-to-end treasury operations.
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