HighRadius is a fintech company established in 2006 by Sashi Narahari. By 2020, it achieved a valuation of $3.1 billion. It provides autonomous software which are data-driven softwares that continuously morphs its behaviour to the ever-changing underlying domain transactional data. It brings modern digital transformation capabilities like AI, Robotic Process Automation, Natural Language Processing and Connected Workspaces as out-of-the-box features for the finance & accounting domain.
Problem
Enterprises struggled with automating their accounts receivable (AR) and cash flow processes, leading to inefficiencies in managing credit and collections.
Highradius Solution
HighRadius developed an AI-powered platform that helped automate AR, treasury management, and other financial processes for enterprises, enhancing cash flow management and improving working capital.
Initial Users & Marketing Hack
HighRadius targeted large enterprises with complex AR needs, such as Fortune 500 companies. They grew by providing AI-driven automation solutions and case studies demonstrating improved financial performance, along with partnerships with major financial institutions.
Highradius Offerings:
Accounts Receivable Automation: Automates invoicing, collections, and cash application processes to reduce manual efforts and speed up payments.
Cash Application: Uses AI to automatically match payments with invoices, improving accuracy and reducing time to apply cash.
Credit Management: AI-driven credit risk assessment and management tools to help businesses make informed credit decisions.
Collections Management: Streamlines collections by automating follow-ups, reminders, and workflows for overdue payments.
Deductions Management: Automates the process of tracking and resolving payment discrepancies and customer deductions.
Cash Forecasting: Provides accurate, AI-based cash flow forecasting for better financial planning and decision-making.
Order to Cash Analytics: Delivers insights into the full order-to-cash cycle, helping businesses improve processes and customer relationships.
Website
Linkedin Page
Founder's profiles
Sashi Narahari, https://www.linkedin.com/in/sashinarahari/