Cash Management Software
Increase Cash Management Productivity by 70%
Streamline cash management across all accounts. Automate daily cash positioning, cash reconciliation and optimize investment allocations
Increase Cash Management Productivity by 70%
Streamline cash management across all accounts. Automate daily cash positioning, cash reconciliation and optimize investment allocations
100% Cash Visibility. Create multiple templates and analyze balances across multiple accounts. More
100% Bank Statement Aggregation. Access real-time bank data with API, formats, and imports. More
Reduce Days to Reconcile. Automate cash-to-bank reconciliations for variance analysis. More
Streamline Tracking. Manage financial instruments with integrated cash flows. More
Manage GL Posting Rules. Auto-generate and post GL entries for bank transactions
Manage Bank Accounts Lifecycle. Administer signatories and facilitate FBAR reporting.
PRODUCT
VALUE
Discover how our cash management software provides complete visibility into cash positions and enables liquidity control.
HighRadius transformed our cash forecasting, reducing our process time from hours to minutes and cutting treasury stress by 25%!
Result
Glisson Inguito
Director, Corporate Treasury,
HighRadius has significantly improved our receivables forecasting accuracy, enabling more proactive collections and better-informed decision-making!
Result
Jacob Whetstone
Director Credit & Accounts Receivables,
Recognized as a Major Player in Mid-Market and Enterprise
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Watch digital transformation experts from Genpact and HighRadius discuss use cases of AI in generating accurate daily forecasts and how it can reduce your cash conversion cycles.
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Download this ready-to-use template for treasury teams to track cash inflows/outflows, cash on hand and the closing balance on a daily, weekly, 13-week or monthly basis.
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Get insights on how AI is transforming AR and AP forecasting by predicting customer payment behavior and payment durations.
Download the EbookCash management solutions are designed to help businesses manage their cash flow. These include cash flow forecasting, liquidity management, and automated payments. They enable companies to optimize their cash reserves, reduce financial risks, and ensure smooth operations.
In addition to improving cash visibility, these solutions often offer features such as real-time cash tracking, automated reconciliation, and advanced analytics. By leveraging cash management solutions, businesses can make more informed financial decisions, enhance their financial stability, and streamline their overall cash-handling processes.
Improving cash management efficiency involves implementing automated systems to handle transactions and reconciliations, thus reducing errors and saving time. Regular cash flow forecasting and monitoring help anticipate shortfalls and surpluses, allowing for proactive adjustments.
Efficient cash management ensures a business has sufficient liquidity, reduces financial shortfalls, and optimizes cash reserves. It enhances decision-making, reduces borrowing costs, and increases investment opportunities. Streamlining operations also improves transaction accuracy and relationships with suppliers and customers.
1. Ensures Liquidity: Maintains sufficient cash to meet obligations.
2. Optimizes Cash Reserves: Improves financial stability.
3. Enhances Decision-Making: Provides accurate financial insights.
4. Reduces Borrowing Costs: Lowers need for emergency funding.
5. Increases Investment Opportunities: Frees up capital for growth.
6. Streamlines Operations: Reduces manual errors and improves accuracy.
7. Improves Relationships: Ensures timely payments to suppliers and collections from customers.
Cash management activities help businesses maintain optimal cash levels, ensure timely payments, and manage cash reserves effectively.
Solving a cash management process involves implementing a robust cash management system that includes cash flow forecasting, automated payment processing, and bank reconciliation.
Yes, our Cash Management software easily connects with popular ERP systems like SAP, Oracle, Microsoft Dynamics, NetSuite, Sage Intacct, and Workday, among others, and supports API integration for other financial management systems. It helps you smoothly transfer data, thus allowing for accurate financial visibility and reporting.
Our software supports both Excel and CSV formats, making it versatile for non-feasible ERP integrations or low-volume ERP data, simplifying the cash flow data extraction and improving your overall cash management processes.
Every implementation depends on the complexity and customization. However, High Radius has the expertise to deliver the best results in less than 12 weeks.
We approach every implementation with Speed to Value. Our team works closely with your treasury and IT teams for a smooth transition with little impact on your existing cash management processes.
There are 6 main modules offered in the HighRadius Cash Management software.
Daily Cash Visibility:
Bank Connectivity Manager:
Bank Cash Reconciliation:
Financial Instruments:
Cash Accounting:
Bank Account Management:
Our Treasury Cash Management Software solution is simple and requires minimal IT involvement and effort. The solution integrates seamlessly with your existing systems using pre-built connectors.
With ready-to-use modules and best practices built in, your treasury team can deploy and manage it with minimal IT support.
Our software seamlessly integrates with a wide range of banks and financial institutions due to strong bank relationships.
We gather all your payment details from different bank formats, giving you real-time updates, accurate cash visibility, cash flow predictions, and reporting.
Our cash management software automates the cash accounting GL entry creation based on customized accounting rules defined by your business and directly exports them into your ERP.
Our software handles daily cash reconciliation by automatically comparing your planned transactions with your bank’s records, emails, and other payment formats using predefined reconciliation rules. It helps treasurers quickly identify and settle any unmatched transactions or differences, saving time and efforts.
HighRadius uses advanced encryption and access controls to keep your financial data secure. We comply with stringent industry standards such as GDPR, ISO, PCI DSS, HIPAA, and SOC to ensure your data is both private and compliant.
