Solutions for Banks
HighRadius Integrated Receivables Platform allows banks to modernise treasury management services and streamlines the receivables-to-cash cycle for corporate clients. With a modular design, the flexible solution addresses specific business needs. It includes remittance-capture across paper and electronic formats, B2B receivable and consumer bill payment reconciliation, enterprise invoicing and payment acceptance, short-payment identification and deduction resolution workflows, as well as a central repository of all payment streams and remittance information.
HighRadius Integrated Receivables creates real money-savings for your clients through faster processing of receivables and elimination of low-value manual tasks. HighRadius Integrated Receivables is a definitive addition to your corporate treasury offering, as the SaaS-based solution is quick and cost-effective to deploy, without the need for significant capital expenditure or IT development to install and manage complex hardware and software.
Clients benefit from the elimination of manual work in the cash allocation process by automating the capture of remittance and reconciliation of payments with open receivables. Consolidation and automated processing of consumer bill payments across multiple sources enables treasury and A/R teams to achieve straight-through payment processing. Automated identification of short-payments, auto-coding of deductions and dispute resolution workflows significantly expedite deductions research and recovery. Enterprise EIPP powered by the RadiusOneTM Network serves as a one-stop solution for all enterprise invoicing and payment acceptance requirements. The payments hub enables clients to achieve a unified, global repository of all payment information across all banking channels.
- Provide a differentiated offering for receivables management automation
- Add to existing corporate service revenue stream by offering integrated receivables
- Increase penetration and wallet-share among existing clients
- Implement quickly, with a low footprint and minimal IT intervention
- Scale easily with flexible modular options and advanced functionality
- Maximise operations savings by automating 80% of tasks required in processing electronic remittance
The HighRadius Payments Hub enables banks to offer a single platform for enterprise clients to achieve a holistic view of all incoming receivables including all Read More...
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