Financial Risk Management Software

Manage and mitigate credit and liquidity risk with HighRadius financial and cash flow forecasting tools. Achieve 95% forecast accuracy and manage cash 70% faster.

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AI-Based Credit Management Software

Minimize Financial Risk With Informed Decisions

Financial and liquidity risk management solutions to help you compare scenarios, manage debt/investment, and forecast with confidence

Advanced AI for Forecasts

Advanced AI for Forecasts

Custom AI models are built to improve accuracy rate by leveraging information from customer invoices, sales orders, promises-to-pay, credit/debit memos, deductions, vendor invoices, and purchase orders. More

Auto-ML Forecasts

Auto-ML Forecasts

Auto-generate forecasts based on historical cash inflows and outflows by automatically selecting the best-fit forecasting model for each cash flow category. More

Daily Cash Visibility

Daily Cash Visibility

Custom cash position templates by different dimensions such as cash flow category, bank account, and currency. Auto-create sweep transactions to move money between banks. More

Bank Connectivity Manager

Bank Connectivity Manager

Real-time, accurate bank data with H2H via SFTP and SWIFT integrations and out-of-the-box support for industry-standard bank file formats (BAI2, MT940). More

Financial Instruments

Financial Instruments

Create, track, and manage bank loans, term loans, letters of credit, intercompany loans, investments, etc. in a single place. More

Scenario Analysis

Scenario Analysis

Perform what-if analysis by changing parameters like the timing of cash inflows/outflows and FX rate shocks. More

Treasury & Risk Software For Complete Control Over Your Cash

Cash flow forecasting and cash management tools to help you analyze and mitigate financial risk

PRODUCT

Key Modules

  • Advanced AI for Forecasts
  • Auto-ML Forecasts
  • Scenario & Variance Analysis
  • Bank Connectivity Manager
  • Daily Cash Visibility
  • Financial Instruments

VALUE

Improve Operational KPIs

  • 95% Global Inflows Forecast Accuracy
  • 95% Global Outflows Forecast Accuracy
  • 100% Automated Bank Integration
  • 98% Automated Cash Flow Category Tagging

Deliver Business Outcomes

  • Reduce Idle Cash by 50%
  • Increase Forecasting Productivity by 70%

Key Modules

  • Advanced AI for Forecasts
  • Auto-ML Forecasts
  • Scenario & Variance Analysis
  • Bank Connectivity Manager
  • Daily Cash Visibility
  • Financial Instruments

Improve Operational KPIs

  • 95% Global Inflows & Outflows Forecast Accuracy
  • 100% Automated Bank Integration
  • 98% Automated Cash Flow Category Tagging

Deliver Business Outcomes

  • Reduce Idle Cash by 50%
  • Increase Forecasting Productivity by 70%

Trusted by the Best Treasury Teams Around the Globe

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How to Get Started

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Cash Management

Gain real-time bank data access, automated daily cash positioning, and hands-free cash reconciliation to increase analyst productivity by 70%. More

Treasury Payments

Minimize financial fraud and cut bank fees by 30% with centralized payment control, multi-channel efficiency, and AI-driven anomaly detection. More

FAQs: AI-Powered Financial Risk Management Software Solutions

Can cloud-based implementation be used to manage financial risk?

Yes, cloud implementation can manage financial risk. It provides real-time data access, scalability, and advanced analytics. By leveraging cloud-based financial risk management software, organizations can identify, assess, monitor, and mitigate risks more effectively.

Cloud-based solutions offer flexibility and cost efficiency, enabling businesses to adapt quickly to changing market conditions. They ensure data security and compliance with industry standards, making them a reliable choice for managing financial risk. Additionally, cloud implementation facilitates seamless integration with existing systems, enhancing overall risk management capabilities.

How to implement a financial risk management solution?

To implement financial risk management, start by identifying and assessing risks. Use financial risk management software to monitor and mitigate risks. Here’s a step-by-step guide:

  • Identify Risks: Assess all potential financial risks including market, credit, liquidity, and operational risks.
  • Set Objectives: Define clear risk management goals and strategies.
  • Choose Tools: Select appropriate financial risk management software and tools.
  • Develop Policies: Create policies and procedures for risk assessment and mitigation.
  • Train Staff: Ensure employees are trained in risk management practices.
  • Monitor Continuously: Regularly review and update risk management processes.
  • Report and Review: Maintain transparency through detailed reporting and periodic reviews.

How to manage risks in a financial system?

Managing risks in a financial system involves identifying potential risks, assessing their impact, and implementing strategies to mitigate them. Here’s how to manage risks:

  • Risk Identification: Determine all possible risks within the financial system.
  • Risk Assessment: Evaluate the likelihood and impact of each risk.
  • Mitigation Strategies: Develop strategies to reduce or eliminate risks.
  • Implementation: Apply the chosen mitigation strategies.
  • Monitoring: Continuously monitor risks and adjust strategies as needed.
  • Compliance: Ensure adherence to regulatory requirements.
  • Review and Update: Regularly review and update risk management practices.

What are the tools used to manage financial risk?

Tools used to manage financial risk include financial risk management software, liquidity management software, and treasury management systems. These tools help identify, assess, monitor, and mitigate risks.

  • Financial Risk Management Software: Tools like HighRadius for comprehensive risk tracking and analysis.
  • Liquidity Management Software: Helps optimize cash flow and forecast cash needs.
  • Compliance Tools: Ensure adherence to financial regulations and standards.
  • Analytical Tools: For assessing market trends and financial health.
  • Hedging Tools: Instruments to mitigate risks related to currency, interest rates, and commodities.
  • Reporting Tools: For detailed risk reports and performance analysis.
  • Monitoring Tools: Real-time monitoring of financial positions and risks.

What is a financial risk management strategy?

A financial risk management strategy involves identifying, assessing, and mitigating financial risks to protect an organization’s assets and ensure stability. It includes developing policies and procedures, using financial risk management software, and regularly reviewing and updating risk management practices. 

The goal is to minimize potential losses and support informed decision-making. Key components of a financial risk management strategy include risk identification, risk assessment, risk mitigation, and continuous monitoring. Effective strategies incorporate scenario analysis, stress testing, and compliance checks. Engaging stakeholders and providing training are also vital to ensure a comprehensive and proactive approach to managing financial risks.

What is financial risk management software?

Financial risk management software is a tool designed to identify, assess, monitor, and mitigate financial risks. It helps organizations track market, credit, liquidity, and operational risks, often offering analytics, compliance checks, and reporting features. It supports informed decision-making and regulatory compliance.

What is liquidity management software?

Liquidity management software helps organizations manage and optimize cash flow, monitor bank balances, forecast cash needs, and ensure sufficient liquidity to meet financial obligations, reducing the risk of cash shortfalls.

What is an example of liquidity risk?

A liquidity risk example can be when a company, despite having assets that exceed its liabilities, struggles to meet its short-term financial obligations because its assets are not readily convertible to cash.

What is meant by financial statement analysis?

Financial statement analysis is the in-depth evaluation of a company’s financial statements, covering the income statement, balance sheet, and cash flow statement, to understand its financial health and performance.

What are some features of a liquidity risk management solution?

Liquidity risk management solution helps businesses identify, assess, and mitigate liquidity risks. It monitors cash flow, predicts future liquidity needs, and provides tools for managing cash reserves to avoid shortfalls.

How does treasury software help with financial risk?

Treasury software, like HighRadius, helps mitigate financial risk by automating cash management, improving accuracy in forecasting, ensuring regulatory compliance, managing currency exposures, and providing real-time visibility into financial positions.