HighRadius

HighRadius provides AI-driven autonomous finance solutions for the office of the CFO, automating and optimizing financial processes such as Order-to-Cash, Treasury, and Record-to-Report. The platform leverages advanced AI and machine learning technologies to transform traditional finance operations, enabling significant efficiency gains and cost savings for businesses.

Key features:

- Collections Management: Prioritized worklist, in-app dialer, and smart inbox to streamline collections processes.
- Cash Application Management: Automated remittance aggregation, portal automation, and auto-matching for high levels of automated cash posting.
- Deductions Management: AI-powered validity prediction, claim backup automation, and auto-coding to reduce manual intervention.
- Credit Management: Online credit applications, workflows, and agency integration for effective credit risk management.
- Electronic Invoicing: Self-serve portal, AP invoicing, and e-adoption campaigns to facilitate electronic invoicing.
- Cash Management: Bank and balance management and daily cash positioning tools.
- Cash Forecasting: AI/ML-powered AR/AP and category forecasts with scenario analysis for accurate predictions.
- Treasury Payments: Support for multi-channel payments, payment factory, and anomaly detection.
- Account Reconciliation: Automated transaction matching, worklists, and substantiation reconciliation.
- Financial Close Management: Task automation, journal entry management, and progress dashboards.
- Anomaly Management: Detection and resolution of anomalies with progress dashboards.
- Accounts Payable Automation: Automated invoice data capture, processing, matching, and exception resolution.
- Payment Gateway: Support for card tokenization, ACH payments, and SEPA payments.
- Surcharge Management: Compliance assurance, fee calculation, and processing.
- Interchange Fee Optimizer: Analysis and processing of Level 2 & Level 3 data to optimize interchange fees.

How it works:

1. Users access the web-based platform to interact with various financial automation tools.
2. AI-powered systems process financial data and automate complex tasks.
3. Users can schedule personalized demos for a live walkthrough of the platform's capabilities.
4. The platform integrates with existing enterprise systems to streamline financial operations.

Integrations:

ERP Systems (SAP, Oracle, Microsoft Dynamics), Payment Gateways, Credit Agencies

Use of AI:

HighRadius employs generative AI and machine learning models to enhance its financial automation capabilities. These AI models process large volumes of financial data, predict outcomes, and automate decision-making processes. For example, the AI-powered cash forecasting tool uses historical data to generate accurate cash flow predictions.

Target users:

- Large Enterprises seeking to automate and optimize complex financial processes
- Mid-Market Companies looking to improve efficiency and reduce costs in financial operations
- Finance Professionals aiming to leverage AI to enhance productivity and decision-making capabilities

How to access:

HighRadius is available as a web application and offers API integrations for seamless connectivity with other enterprise systems. Users can request demos or trials through the company's website to explore the platform's capabilities.

Company information:

HighRadius was founded in 2006 and has established a significant market presence in the autonomous finance solutions sector. The company is not an open-source platform and continues to develop its proprietary AI-driven technologies for financial process optimization.