HighRadius Market Research Report

Company Overview

Name

HighRadius Corporation

Mission

HighRadius aims to be the software platform of choice for the office of the CFO, evolving beyond traditional enterprise software by transforming key finance functions, including accounts receivable, treasury, accounting, billing, and revenue recognition, with AI-powered, data-driven intelligent software.

Vision

Transform finance and accounting functions from cost centers to value drivers with the world’s first-ever autonomous finance platform for the office of the CFO.

Foundation

HighRadius was founded in 2006 by Sashi Narahari.

Key People

Sashi Narahari: President & CEO

J Greg McStravick: Chief Business Officer

Tres Thompson: Chief Financial Officer

Urvish Vashi: Chief Operating Officer

Sayid Shabeer: Chief Product Officer

Indy Chakrabarti: Chief Marketing Officer

Carlos Damasceno: Senior Vice President, Consulting

Stella Tran: Vice President, People and Culture

Headquarters

HighRadius Corporation, 2107 CityWest Blvd, Suite 1100, Houston, TX 77042, United States.

Number of Employees

No specific information is available.

Revenue

No information is available.

Notable Achievements

HighRadius is known for its autonomous finance platform for the office of the CFO, transforming order to cash, treasury, and record-to-report processes for more than 850 of the world’s leading companies.

Products

HighRadius offers a comprehensive suite of finance products designed to streamline and automate finance operations:

1. Order to Cash

Collections Management: Prioritized worklist and smart inbox for efficient collection processes.

Cash Application Management: Portal automation and auto match remittances.

Deductions Management: Validity predictor and auto claim backup.

Credit Management: Online credit applications and agency integration features.

EIPP: Encompasses self-service, invoicing, and e-adoption functionalities.

Analytics: Offers benchmarking, value realization, and productivity metrics.

2. Accounts Payable

Accounts Payable Automation: Automates processes and matches invoices, handling exceptions efficiently.

3. Treasury & Risk

Cash Management: Includes bank reconciliation, balance, and cash positioning.

Cash Forecasting: AI-driven scenarios for AR/AP & category forecasts.

Treasury Payments: Multi-channel payments with anomaly detection.

B2B Payments: Features payment gateways, card tokenization, ACH & SEPA payments, and surcharge management.

4. Record to Report

Financial Close: Provides checklists, variance analysis, and SOX compliance.

Balance Sheet Reconciliation: Comprehensive reconciliation solutions.

Daily Revenue Reconciliation: Includes cash and credit card reconciliation.

Intercompany Management: Facilitates intercompany reconciliation and settlement.

Financial Consolidation & Reporting: Features for FX conversion and intercompany elimination.

Anomaly Management: Detection, resolution, and dashboarding for financial anomalies.

5. FreedaGPT

No detailed description available.

6. LiveCube

No detailed description available.

Recent Developments

New Product Launches

April 2024: HighRadius launched B2B Payments to reduce payment processing fees by up to 90%.

March 2024: Launched new FreedaGPT use cases at Radiance Annual Conference.

New Features

No specific information is available about new features added to existing products.

Partnerships and Events

February 2024: HighRadius announced the acquisition of Cforia.

February 2024: Hosted the 10th Annual Radiance, the Office of the CFO UNconference.

Corporate Achievements

August 2024: Named to the 2024 Forbes Cloud 100 for the fifth year in a row.

June 2024: Recognized as the only Digital World Class® Vendor in both Credit and Billing by The Hackett Group.

May 2024: Named a leader in the 2024 Gartner® Magic Quadrant™ for Accounts Receivable Automation Software for the third time in a row.

Executive Changes

April 2024: Appointed Tres Thompson as Chief Financial Officer.

December 2023: Appointed Greg McStravick as Chief Revenue Officer.

This report covers the company's current status based on the latest available data and highlights the strategic initiatives and developments that HighRadius is undertaking to maintain its leadership in the autonomous finance platform industry.