Highradius is your one-stop solution to all your cash management automation needs.

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