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.

  • Reduced human errors Automation reduces the rate of human errors ensuring consistency and adherence to accounting processes/practices.
  • Enhanced productivity Automations lets employees spend time on high-value strategic activities and complex tasks due to the reduction in manual efforts.
  • Better workflows Automating workflows create a clear structure, a sense of routine within the business, and establish security, compliance, and accountability.
  • Continuous global cash visibility Provides a view of cash across all banks, regions, companies, and currencies in a unified manner.
  • Automated connectivity to multiple banks and data transfer from ERP systems.
  • Reconciliation Automation can help in pre-and post-payment validation and reconciliation. Notifies exceptions; tracks and identifies potential duplicate payments.
  • Updating and insertion are easy Automation help in updating the cash flow or the transcripts.
  • Business agility Provide your employees with the essential automation tool to execute their work to the best of their abilities; The tool aids cash managers in assigning tasks to follow and execute.
  • Intuitive user interface Automation helps you to break away from multiple spreadsheets to one single consolidated dashboard
  • Improved reporting and insights Automation helps us build robust, reliable, accurate, and faster reports which in turn helps deliver deeper insights to management.

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.

Key Features of HighRadius’ Cash Management solution

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.

  • Auto-classification of transactions based on bank, account, region, and category
  • View bank transactions in customizable templates
  • Includes HighRadius provided independent market data from external sources
  • Option for the users to override or manually upload additional data as desired

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.

  • Easily create cash and intercompany linked transactions
  • Use advanced search features to explore expected and actual activity
  • Track intercompany summary and detailed activity

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.

  • User-defined cash position worksheet templates that provide a company-wide view of finances
  • Drill down into transactional details for each account
  • Create recommended concentration and funding transfers

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.

  • Automated reconciliation based on user-defined and standard tagging rules within tolerances
  • Updated account level status of bank connectivity and reconciliation
  • Manual matching options for unreconciled transactions

5. Manage and track intercompany balances and notional pools

  • Automatically capture intercompany activities, track balances, and record interest across all mirrored and notional bank accounts.
  • Automatically record all intercompany activities across actual, mirrored, and notional bank accounts
  • Define intercompany accounts, track balances, and record interest

Loved by brands, trusted by analysts

HighRadius Named a Challenger In 2025 Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions

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.

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HighRadius Named ‘Rising Star’ in 2024 ISG Provider Lens™ Finance and Accounting Platforms Report

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.

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HighRadius Named As A Major Player For Treasury & Risk Management Software By IDC

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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1100+

Customers globally

3400+

Implementations

$18.9 T.

Transactions annually

37

Patents/ Pending

6

Continents

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Resources

Cash Flow Projection | Cash Flow Analysis | Treasury Management Guide | Treasury Management System | Calculate Free Cash Flow | Cash Flow Statement | How To Choose Treasury KPI | Strategies To Increase Cash Flow | How To Conduct Variance Analysis | How To Build A Balance Sheet Forecast | What is Cash Flow Direct Method | Liquidity Management | Cash Inflow and Outflow | Currency Hedging | How To Calculate Cash Ratio | Hedge Accounting | Treasury Bills

Ebooks, Templates, Whitepapers & Case Studies:

AI In Treasury Management | Automating Cash Forecasting | Digital Transformation In Treasury | Use Cases Of AI In Cash Forecasting | Calculating ROI For Cash Forecasting | AI In Cash Flow Forecasting | Treasury Metrics | Benefits Of Treasury Payment System | Treasury KPIs | Cash Flow Calculator | Treasurers Toolkit | Choose the Best Cash Flow Management Tool | Cash Flow Forecasting Template