Accelerate Your Success with Speed to Value

HighRadius' industry defining software implementation approach ensures faster time to implementation and quicker return on investment through a combination of out-of-the-box functionalities, agile implementation methodologies, and a maniacal focus on the outcome metrics.

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Speed to Value

HighRadius Speed to Value Implementation Methodology

The 5-step implementation methodology focuses on rapid deployment and accelerated delivery of ROI in less than 6 months. We achieve this by prioritizing out-of-the-box implementation of high-impact client requirements and employing a systematic approach to handling customizations.

Mutually Agreed Success Metrics

Mutually Agreed Success Metrics

Prioritization via ValueCom Framework

Prioritization via ValueCom Framework

Out-of-the-box

Phase 1
Out-of-the-box

Phase 2 Optional Enhancements

Phase 2 Optional Enhancements

Commitee for Zero Disconnect

Commitee for Zero Disconnect

Mutually Agreed Success Metrics

A written and mutually agreed signed-off document is created between HighRadius and the client, with a focus on:

  • Business Outcome KPIs: These are lagging indicators that would be realized months/years after go-live. (Ex: % Past due reduction, FTE productivity)
  • Operational KPIs: These are leading indicators that can be measured during implementation. (Ex: % Automated dunning emails)
  • For the entire course of implementation, we measure the value delivered based on progress on the above success criterion.
Mutually Agreed Success Metrics
Requirements Prioritization via ValueCom Framework

Requirements Prioritization via ValueCom Framework

Every requirement is tagged via:

  • Value: All the Client requirements are classified as "high" or "low" based on their impact on Operational KPIs.
  • Out-of-the-box or Enhancements: All the requirements are classified as "Out-of-the-box" if they can be met via software configuration; else as "Enhancements" if they will require customisations.
  • High Value - Out-of-the-box requirements are prioritized so that maximum value can be delivered in the shortest time possible.
Speed to value

Phase 1 Out-of-the-box

In less than 3-6 months, Phase 1 is implemented with only out-of-the-box functionalities that are of:

  • HighValue: High-value requirements are of the highest priority since these are supported out-of-the-box by the software via configuration. The goal is to deliver 80% value through this phase.
Phase 1 Out-of-the-box
Phase 2 Optional Enhancements

Phase 2 Optional Enhancements

  • If Phase 1 implementation delivers 80% achievement on leading indicators, Phase 2 is descoped. But if Phase 1 value delivery is less than 80% of success criteria; Phase 2 is implemented in the next 3-6 months for "high-Value & Enhancements" requirements that are still related to business outcomes. Anything low-value requiring customization is recommended to be descoped.
Steering Committee for a Zero Disconnect

Steering Committee for a Zero Disconnect

  • Mandatory monthly updates with VP/CXO executives from HighRadius and Client are scheduled to get an alignment on the requirements, phase of implementation and expected outcome metrics as per the speed-to-value implementation methodology.
Steering Committee for a Zero Disconnect
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Benefits of Speed to Value Methodology

Accelerated Implementation time

With the Speed to Value approach, organizations can fasten the implementation process by leveraging agile methodologies, preconfigured templates, and advanced automation capabilities of the solution. This approach ensures quicker user adoption and realizing the value of the solution in a shorter timeframe.

Rapid Return on Investment (ROI)

By implementing HighRadius solutions through the Speed to Value approach, organizations can achieve a quicker return on investment. The streamlined implementation process and optimized workflows enable organizations to start realizing financial and operational benefits sooner, leading to increased efficiency and cost savings.

Higher User Adoption

For most implementations, end-user adoption is an afterthought with no planned change management. With the Speed to Value approach, users are trained on the product functionality during the onboarding phase via demo videos, providing access to sandbox and through customised training. This reduces resistance to change with higher user adoption, leading to improved data integrity, reporting accuracy, and informed decision-making.

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Frequently Asked Questions

How does the Speed to Value approach expedite implementation?

It accelerates implementation by leveraging agile practices to streamline the process, preconfigured templates for faster setup, and automation tools for efficient configuration and deployment.

By providing an efficient implementation process, intuitive user experiences, and comprehensive training and support, Speed to Value encourages user adoption and drives successful outcomes.

Yes, by reducing implementation timelines and enabling faster realization of business benefits, organizations can achieve a quicker return on their investment in the software solution.

Yes, it can be adapted to meet the needs of organizations, regardless of their size, industry, or complexity of their processes.

No, the approach minimizes IT dependencies by providing user-friendly tools and configurations, reducing the need for extensive IT involvement during implementation.

It includes change management strategies, user training, and ongoing support to facilitate a seamless transition and promote user adoption and satisfaction.

Yes, the Speed to Value methodology supports integration with existing systems and data sources to ensure a comprehensive solution and data integrity.