Modernizing Receivables Management Operations with Innovative Software: HighRadius

“With offices in Houston, USA and Hyderabad, India, HighRadius modernizes receivables management operations with a suite of state of the art cloud-based solutions that automate the manual tasks associated with credit, cash application, deductions, and collections.”

HighRadius empowers corporations to modernize receivables in order to lower Days Sales Outstanding (DSO), minimize write-offs, and reduce operating expenses. It offers two product lines as well as implementation services. Receivables Cloud and Payments Cloud are SaaS-based solution suites that automate and improve cash application, invoicing, and credit, collections, and deductions management. HighRadius Accelerators are certified solutions for SAP that enhance the automation available in the Receivables Management modules and reside natively in the application. The company provides the most highly specialized expertise in SAP Receivables Management (formerly FSCM) and offers services to implement or optimize each of its modules.

Founded by a group of technology experts focused exclusively on accounts receivable, HighRadius builds innovative software products that modernize receivables management operations. The goal is to help A/R and credit departments adopt innovative processes supported by high levels of automation so they may become more strategic, more streamlined, and more successful. It operates on three core principles: to reduce the total cost of ownership (TCO) of receivables solutions, to deliver concrete return on investment (ROI) and fast payback periods to customers, and to provide innovative functionality to the market. HighRadius is trusted by some of the world’s largest corporations and is consistently named as one of the fastest growing technology companies in the US.

The HighRadius Value Proposition
Efficiency and productivity enhancements are central to the value HighRadius provides to customers. Regardless of what ERP or A/R system is in use, the company’s products automate manually-intensive tasks, streamline communication, and allow standardization of processes to drive best practices into receivables organizations. “We empower our customers to not only get paid faster and improve key metrics like Days Sales Outstanding (DSO) but also to improve accuracy in the receivables organization,” says Sashi Narahari, President & CEO.

Risk is reduced by accepting more accurate credit applications and accessing more timely financial data to make faster and better decisions about credit limits. Applying payments to invoices accurately and properly identifying deductions taken by customers is critical to audit performance and cash forecasting. Inaccuracy in the cash application process can lead to slowdowns and problems throughout the entire receivables lifecycle. Customer satisfaction is enhanced by more accuracy in the way invoices, collections, and deductions are handled. These improvements all contribute to the exceptional return on investment that HighRadius customers experience and the very high level of repeat business they give.

Customers Base
HighRadius’ products provide value to a wide range of customers and are especially relevant to industries like consumer products, manufacturing, distribution, energy, and others that sell products or provide a service to other businesses like retailers. Customers range from some of the largest global corporations that run SAP and generate and collect on hundreds of thousands of invoices each day to mid-size enterprises that don’t have the IT resources to consolidate on an ERP platform but still want to streamline receivables processes. Some of the company’s notable clientele are Sony, Intuit, Pfizer, L’Oreal, Hershey’s, etc.

Customers Speak
“The HighRadius team was great. They were very willing to flex with us. We asked them to do some things that were new for their tool and they came through very quick with the solutions.” – Denis McDonald, Director, Sales Control, The Dannon Company

“The HighRadius Claims Automation module took less than a month to implement. Having HighRadius to come in and be the knowledgebase really helped us out and gave us the direction that we needed to move forward and bring more efficiency in a timely manner to our project timeline.” – Christopher Land, Data Analyst, Adidas

Meet the Management Team

Sashi Narahari, President & CEO
Sashi co-founded HighRadius and brings a unique combination of business management expertise and technical knowledge to his leadership of the HighRadius team and corporate strategy. This focus on business process improvement is the driving philosophy behind HighRadius’ offerings and results in customers achieving peak financial performance through improvements such as reduced Days Sales Outstanding (DSO), greater operational efficiency, and increased deduction recovery. Prior to HighRadius, Sashi served as the CEO of Riversand Technologies, a provider of Master Data Management (MDM) solutions and has worked with many Fortune 1000 companies in implementing credit management, collections management, dispute management, and invoicing and payments solutions. Sashi holds a Master’s Degree in Mechanical Engineering from University of Maryland, College Park and a Bachelor’s Degree in Mechanical Engineering from Indian Institute of Technology (IIT) Chennai, India.

Rick Logue, CFO
Rick manages the accounting, finance, and human resources functions at HighRadius. Before joining HighRadius, Rick served as Chief Financial Officer for Software & Management Associates, a leading provider of business IT automation solutions. He has more than thirty years of experience in accounting, finance and IT. Rick is a licensed CPA in Texas and graduated cum laude from Texas A&M University-Corpus Christi with a Bachelor of Business Administration in Management.

“We partner with you to maximize value from credit and collections efforts while enhancing the customer experience of doing business with you.”