More than 70% of cash managers spend nearly 15 hours per week on trivial tasks that can be automated with AI. Automating these tasks can save millions of dollars in staff time every year, and substantially speed up the cash management process while simultaneously improving employee productivity, efficiency, and reporting.
Here is how automating the cash management process can help cash managers.
That is just the tip of the iceberg of what automation can do to transform the current cash management landscape. Highradius is the leading, global provider of Treasury cash management software. Our scalable solution helps more than 2500 companies around the world to better manage cash positions. It’s easy to use and can be accessed from any place or device, very little help from your IT personnel is needed to get started.
1. Integrate with multiple data sources via APIs and sFTP. Connect seamlessly with all banks, ERPs, and independent market data sources to process files in all formats including XML, BAI2, MT940, ISO20022, XLS, and CSV.
2. Record and explore expected and actual transactions. Cash Transaction Explorer allows users to create cash or intercompany transactions and explore them with advanced search functionality.
3. Get a 360-degree view of companywide cash positions. Check real-time cash positions across bank accounts, companies, pools, and currencies in user-defined worksheet templates with transaction-level drill-down capability.
4. Automate reconciliation of previous day transactions. Auto-reconcile transactions are based on standard and user-defined tagging rules while the rare exceptions are reconciled by creating transactions automatically or manually.
5. Manage and track intercompany balances and notional pools
Positioned highest for Ability to Execute and furthest for Completeness of Vision for the third year in a row. Gartner says, “Leaders execute well against their current vision and are well positioned for tomorrow”
Explore why HighRadius has been a Digital World Class Vendor for order-to-cash automation software – two years in a row.
For the second consecutive year, HighRadius stands out as an IDC MarketScape Leader for AR Automation Software, serving both large and midsized businesses. The IDC report highlights HighRadius’ integration of machine learning across its AR products, enhancing payment matching, credit management, and cash forecasting capabilities.
In the AR Invoice Automation Landscape Report, Q1 2023, Forrester acknowledges HighRadius’ significant contribution to the industry, particularly for large enterprises in North America and EMEA, reinforcing its position as the sole vendor that comprehensively meets the complex needs of this segment.
Customers globally
Implementations
Transactions annually
Patents/ Pending
Continents
Explore our products through self-guided interactive demos
Visit the Demo Center