HighRadius

HighRadius offers an accounting platform that provides a range of specialized solutions for users to optimize cash flow forecasting, manage B2B payments, and automate financial reconciliations. The platform leverages a combination of AI/ML and robotic process automation (RPA) technology to analyze historical financial data and user behavior to make predictions, identify patterns, and enable proactive decision-making. Users can manage their entire order-to-cash flow, which includes collections, deductions, and invoicing, and automate account reconciliation, accounts payable, and financial close, among many other processes.

In March 2024, the company launched GenAI-Powered AP Automation, to streamline the accounts payable process. Key features include supplier connect, instant query responses, response interpretation and resolution, an exception task generator, and AI-powered invoice automation.

In February 2024, HighRadius acquired Cforia Software, a billing and collections automation software provider, for an undisclosed sum. After the completion of this acquisition, HighRadius intended to extend its resources, support Cforia operations, and integrate Cforia Software’s working capital and accounts receivable automation technology into its own platform.

Key customers and partnerships

As of February 2024, the company served a network of over 850 enterprise customers which included large enterprises, such as 3M, Unilever, Anheuser-Busch InBev, Sanofi, and Engie GBS Solutions.

The company has an extensive partner ecosystem that includes a range of companies, such as EY, PWC, Deloitte, and Microsoft, among many others. As of February 2024, HighRadius also offered pre-built integrations with a number of third-party platforms, including ERPs such as SAP, Workday, and Netsuite, as well as payment processing platforms, such as Stripe and Fiserv.