HighRadius Launches RadiusOne A/R Suite to Automate Accounts Receivable for Midsized Businesses
With lightning-fast deployment in weeks, the solution includes automation for eInvoicing & Collections, Cash Reconciliation and Credit Risk Management
HOUSTON–(BUSINESS WIRE)–#AI—HighRadius, a fintech enterprise Software-as-a-Service (SaaS) company specializing in automating the order-to-cash and treasury management processes, today announced the launch of RadiusOne A/R Suite for midsized businesses. With simpler user experience and faster time-to-value, the solution reinforces HighRadius’ investment in innovation and vision to make Accounts Receivable automation a key catalyst for business growth.
In the face of escalating focus on cash flow due to a slowdown in A/R collections, midsized businesses are looking for sophisticated work-from-anywhere accounts receivable solutions to continuously monitor risk of their entire customer portfolio and perform effective collections. RadiusOne A/R Suite uniquely positions itself in an untapped and underserved market by offering an eInvoicing & Collections App, Cash Reconciliation App and Credit Risk App to help midsized businesses wield accounts receivable automation technology to overcome their biggest challenges in working capital optimization.
“We launched the RadiusOne B2B Network to facilitate suppliers and A/R teams to digitally connect with their buyers and A/P teams for faster processing of receivables and payments. Currently, the network has millions of active businesses. The RadiusOne A/R Suite will provide the essential apps for A/R teams at midsized businesses to instantly plug their ERPs and A/R processes into this network and digitally connect with their buyers across the globe,” said Sashi Narahari, Founder & CEO, HighRadius. “COVID-19 is putting a lot of working capital strain on businesses globally. We are hoping to help by automating clerical A/R processes for midsized businesses and by reducing the friction for supplier A/R teams to digitally collaborate with their buyers and A/P teams.”
The RadiusOne A/R Suite includes:
- eInvoicing & Collections App: Automated collections, e-invoicing, and payments acceptance for faster conversion of your outstanding invoices to cash, lower DSO, low-cost invoicing and payments via ACH and credit cards.
- Cash Reconciliation App: Automated remittance capture and cash reconciliation to enhance productivity and enable focus on downstream processes such as Credit and Collections.
- Credit Risk App: Automated credit scoring with in-built credit data for faster customer on-boarding. Mitigate risks by monitoring your customer portfolio, highlighting adverse credit events.
With out-of-box integration with Netsuite, MS Dynamics, Sage Intacct and Infor, the RadiusOne A/R Suite is pre-loaded with configurations based on industry-specific best practices and can be deployed in a few weeks with minimal IT intervention.
About HighRadius Corporation
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based Autonomous Systems to help companies automate Accounts Receivable and Treasury processes. The HighRadius® Integrated Receivables platform reduces cycle times in your order-to-cash process through automation of receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections. HighRadius® Treasury Management Applications help teams achieve touchless cash management, accurate cash forecasting and seamless bank reconciliation. Powered by the Rivana™ Artificial Intelligence Engine and Freeda™ Digital Assistant for order-to-cash teams, HighRadius enables teams to leverage machine learning to predict future outcomes and automate routine labor-intensive tasks. The RadiusOne™ B2B network allows suppliers to digitally connect with buyers, closing the loop from supplier receivable processes to buyer payable processes. HighRadius solutions have a proven track record of optimizing cash flow, reducing days sales outstanding (DSO) and bad debt, and increasing operational efficiency so that companies may achieve strong ROI in just a few months. To learn more, please visit www.highradius.com.