What is HighRadius?
HighRadius is accounts receivable automation software built for enterprise finance teams. Collecting payments, applying cash, and closing books still takes too much manual effort. HighRadius uses AI agents to run order-to-cash, accounts payable, treasury, and financial close workflows. It covers the full CFO office with modules for collections, credit, deductions, invoicing, AP, B2B payments, cash forecasting, and record-to-report. The tool fits large enterprises and mid-sized organizations across manufacturing, CPG, retail, healthcare, logistics, and financial services. Over 1,500 finance teams use it, and it integrates with 50+ ERP systems. HighRadius also includes FreedaGPT, a generative AI finance assistant, plus LiveCube, a no-code data analysis tool.
HighRadius Video
Features & Benefits
- Collections Management: Predict payment dates and segment customers with AI for AR automation. Includes worklist prioritization, dunning emails, and an in-app dialer.
- Cash Application: Match payments to invoices using machine learning. AI agents capture remittances, suggest reference numbers, and flag deduction items.
- Deductions Management: Validate deductions and match trade promotions with AI. Includes auto-claim backup and shortage variance detection.
- Credit Management: Score credit risk and release blocked orders with AI. Extract financial statements and run approval workflows.
- Electronic Invoicing: Deliver invoices through an AP portal. Supports surcharge billing and credit card processing.
- Accounts Payable Automation: Capture invoice data with AI and route it for approval. Includes three-way matching, non-PO GL coding, duplicate and fraud checks, and invoice exception workflows.
- Supplier Portal: Onboard suppliers, validate bank accounts, and screen vendors. Syncs purchase orders and captures web portal invoices.
- Vendor Payments: Run multi-rail payments with anomaly detection. Posts to your ERP and updates remittances.
- B2B Payment Gateway: Process B2B payments with surcharge management and interchange fee optimization. PCI DSS compliant.
- Cash Management & Forecasting: Download bank statements, reconcile daily cash, and forecast AR and AP cash flows. Includes scenario analysis and variance tracking.
- Treasury Payments: Initiate treasury payments and internal bank transfers. Built-in duplicate and fraud detection with approval workflows.
- Financial Close & Reconciliation: Auto-match transactions and reconcile balance sheets with accounts receivable automation and AI. Detects anomalies, posts corrective journals, and speeds up month-end close.
- Financial Consolidation & Reporting: Roll up GL balances, convert currencies, and eliminate intercompany entries. Generate P&L, balance sheet, and cash flow statements.
- FreedaGPT: Ask AI finance questions in natural language. Works as a generative co-pilot across AR, AP, and treasury tasks.
- LiveCube: Analyze finance data without code. Build custom reports and automate data analysis workflows.
- ERP Integrations: Connect with enterprise resource planning systems, including pre-built links for major platforms.
- Outcome-Based Pricing: Pay based on KPI improvements after go-live. No implementation fees and no charges until results are delivered.
What can HighRadius do?
- Automate accounts receivable collections
- Match payments to invoices
- Forecast cash flow
- Automate invoice processing
- Reconcile balance sheets
- Score credit risk
- Manage trade deductions
- Close financial books faster
- Reconcile intercompany transactions
- Automate accounts payable workflows
- Optimize interchange fees
- Consolidate financial reports
Real-World Applications
A mid-sized distributor selling industrial parts on net-30 terms can use HighRadius to predict which customers will pay late. The AR automation tools prioritize collection calls and send dunning emails before invoices age out. That kind of early action may cut days sales outstanding by double digits.
A consumer goods manufacturer dealing with hundreds of retail deductions each month might run those claims through HighRadius. The AI finance tools validate each deduction, match it against trade promotions, and flag the invalid ones for recovery. Finance teams can stop sorting through spreadsheets and start recovering revenue faster.
Large enterprises with subsidiaries in multiple countries often struggle with month-end close. HighRadius can auto-match transactions, reconcile balance sheets, and post corrective journal entries. Accounts receivable automation and close workflows running together may cut close timelines by 30% or more.
An accounts payable team at a healthcare company might use HighRadius to capture invoices from email, run three-way matching, and flag duplicates before payment. The supplier portal keeps vendors informed without back-and-forth emails. Processing costs can drop while approval cycles shorten.
A treasury team at a retail chain can use HighRadius to build daily cash positions and forecast AR and AP flows. The scenario analysis tools help model what happens if a major customer delays payment. That visibility into cash gives the CFO better data for short-term investment decisions.
