Treasury and Risk Suite

Treasury Payments

Minimize the risk of financial fraud with a centrally controlled system that supports automated and manual payments.

Reduce bank fees by 30%.

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Treasury Payments
Treasury Payments

Key Modules

Treasury Initiated Payments

Treasury Initiated Payments

Improve Productivity by 30%. Automatic initiation and workflow management for Treasury Payments. More

Payment Workflow & Approval

Payment Workflow & Approval

98% Payments Executed on Time. Initiate & approve payments across all banks & payment methods. More

Multi-Channel Payments

Multi Channel Payments

Save 30% on Payments. Rail optionality via Instant payments, ACH, Same-day ACH, domestic and international wires. Leverage local rails for international transfers. More

Bulk Payments

Bulk Payments

Faster and Secure Payments. Process AP payments securely and efficiently while ensuring workflow controls are in place. More

Payment Anomalies

Payment Anomalies

90% Errors Automatically Detected. AI and rule-based anomaly detection and sanctions screening. More

Mobile App

Mobile App

Quicker Approvals. Review and approve urgent payment requests on the go. More

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PRODUCT

Key Modules

  • Treasury Initiated Payments
  • Payment Workflow and Approval
  • Multi-Channel Payments
  • Bulk Payments
  • Payment Anomalies
  • Mobile App

VALUE

Improve Operational KPIs

  • 98% Payments Executed on Time
  • 30% Savings on Average Cost Per Payment
  • 90% of Payment Errors, Sanctions, and Fraud Automatically Detected

Deliver Business Outcomes

  • Reduce Bank Fees by 30%
  • Increase Productivity by 30%
  • Eliminate Cost of Fraud and Errors

Key Modules

  • Treasury Initiated Payments
  • Payment Workflow and Approval
  • Multi-Channel Payments
  • Bulk Payments
  • Payment Anomalies
  • Mobile App

Improve Operational KPIs

  • 98% Payments Executed on Time
  • 30% Savings on Average Cost Per Payment
  • 90% of Payment Errors, Sanctions, and Fraud Automatically Detected

Deliver Business Outcomes

  • Reduce Bank Fees by 30%
  • Increase Productivity by 30%
  • Eliminate Cost of Fraud and Errors

Trusted By The Best Treasury Teams Around The Globe

Trusted By The Best Treasury Teams Around The Globe
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95% Accuracy in A/R & AP forecast
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FAQs: AI-Powered Treasury Payments Solutions

What payment workflows are supported by HighRadius?

The platform offers customizable workflows to match organizational policies, ensuring every payment goes through the required checks and approvals:

  • Single and Multi-Tier Approval Workflows: Payments are routed to approvers based on criteria like payment amount, type, currency, or account.
  • Configurable Approval Policies: Approval rules can vary by payment category—manual payments may require multiple approvals, while pre-approved bulk payments can skip additional steps.

Target Balance Checks: The system alerts users to insufficient account balances and allows fund transfers before payments are released.

How does the HighRadius Treasury Platform ensure payments meet bank cut-off times?

The system provides a real-time Bank Cut-off Time Monitor, giving visibility into payment deadlines for different banks and methods. Treasury professionals can prioritize payments based on urgency and avoid delays or penalties.

What channels and methods are available in the HighRadius System for multi-channel payments?

The platform optimizes payments across multiple channels and methods to balance speed, cost, and efficiency:

  • Direct Bank Connectivity (H2H): Secure SFTP connections to banks, ideal for high-volume payments.
  • SWIFT Integration: A SWIFT bureau partner like FIDES enables connections with hundreds of banks, reducing setup time and cost.
  • Multi-Rail Payments: Treasury professionals can choose between instant payments (FedNow, SEPA), ACH, same-day ACH, domestic, or international wires.

How does the HighRadius Treasury Payment System reduce international payment costs?

The platform leverages local payment rails instead of SWIFT for cross-border payments, significantly cutting fees. Treasury can lock in real-time FX rates every 90 seconds, avoiding higher rates offered by banks.

How does the HighRadius Payment System integrate with our existing ERPs?

   The solution offers multiple integration options:

  • SFTP-based file transfer for bulk payments
  • Real-time API connections for two-way communication
  • Direct bank connectivity (Host-to-Host)
  • SWIFT service bureau integration through FIDES
  • Status updates back to ERP systems
  • Support for multiple file formats

How does HighRadius simplify the management of recurring payments for treasury teams?

The system offers a template-based payments feature that enables treasury teams to establish recurring payments through predefined templates. This automation drastically decreases the need for manual data entry and enhances transaction accuracy for items such as lease payments, interest settlements, and recurring supplier payments.

How does the system handle sensitive payment information, like payroll?

The system includes role-based access controls and specific features for sensitive payments:

 

  • Configurable visibility settings for sensitive information
  • Ability to approve total amounts without seeing individual payment details
  • Secure processing of confidential payroll data
  • Segregation of duties in approval workflows

How does the system handle international payments and multiple currencies?

The solution provides comprehensive international payment capabilities:

  • Cross-border payment processing
  • Real-time FX rate updates (every 90 seconds)
  • FX rate lock-in options
  • Local payment rails access for international transfers
  • Multi-currency virtual accounts
  • Cost-effective alternatives to traditional SWIFT transfers
  • POBO (Payments on Behalf of) functionality for subsidiaries

How much time does it typically take to implement HighRadius Treasury Payments Software?

Implementation timelines vary based on your specific requirements, but the system is designed for efficient deployment through:

  • Pre-built bank connectivity options
  • Standard file format support
  • Configurable workflow templates
  • SWIFT service bureau integration for quick multi-bank setup

How does the system help manage payment-related risks?

  Risk management features include:

  • Real-time balance checking before payment release
  • Fraud detection and sanctions screening
  • Multi-level approval workflows
  • Payment anomaly detection
  • Audit trails and status tracking
  • Secure payment channel options
  • Duplicate payment detection