With lightning-fast deployment in weeks, the solution includes automation for eInvoicing & Collections, Cash Reconciliation and Credit Risk Management
HighRadius, a fintech enterprise Software-as-a-Service (SaaS) company specializing in automating the order-to-cash and treasury management processes, 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.
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“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.”
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.
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“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.”
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