A credit, collections, and deduction management application.
HighRadius empowers corporations to modernize receivables and lower Days Sales Outstanding (DSO), minimize write-offs, and reduce operating expenses. For Credit and Accounts Receivable departments that are looking to become more streamlined, HighRadius Receivables Cloud offers advanced levels of automation for credit, collections, and deduction management. Receivables operations and results are dramatically improved because of the efficiency provided by robust collaboration tools, the ability to standardize processes, and insightful reporting and analytics.
Each Cloud solution is available on a subscription basis with low upfront costs, rarely requiring capital expenditure justification. Based in the cloud, the solutions are easy and cost-effective to deploy and maintain compared to traditional on-premise software that must be installed on your servers and maintained by your IT staff.
These solutions can be implemented individually or in combination to provide end-to-end management and automation of receivables functions. The result is a more efficient A/R process.
Jumpstart an accounts receivable efficiency initiative with fundamental automation products that can be up and running in a matter of days.
Claims & POD Automation speeds up deduction research and resolution by completely automating the process of finding and retrieving customer claims and backup documentation. A cloud-based claims management system available as Software-as-a-Service, Claims & POD Automation is easy and cost-effective to deploy and maintain and can be up and running in days.
HighRadius Claims & POD Automation is driven by a robust web aggregation engine that identifies and captures the documentation needed for managing collections and deductions. The solution collects, index and manages claims from paper submissions, email, EDI or customer websites and automatically traverses through other websites to retrieve backup documentation, for example PODs and BOLs from carrier sites. The documents are automatically matched and collated, making all information required to research and resolve a dispute available in one place. The captured documents are stored on the cloud in a searchable document repository, making them easy to manage, retrieve and integrate into collections and deductions management workflows. The result is the near-complete elimination of manual work involved in identifying, downloading, and attaching backup documentation.
HighRadius Collections Cloud automates and optimizes the credit collections management process to improve collector efficiency, minimize bad debt write-offs, improve customer relationships and reduce DSO. A cloud-based credit collections management software available in Software-as-a-Service(SaaS) model, Collections Cloud is easy and cost-effective to deploy and maintain.
HighRadius Collections Cloud solution provides a complete set of tools to optimize and automate the credit collections management process and enable the better prioritization of credit collections activities. All the information you need (invoices, dispute information, POD, claims, tracking info, etc.) on each case is automatically presented in a collections work-space and ready for use. With a prioritized work-list, driven by predefined business rules, backup information readily available, and automated dunning correspondence, collectors are able to contact more accounts and centrally track the activity for review and follow-up. The result is a more efficient collections team that contributes to enhanced cash flow and reduced DSO.
HighRadius Credit Cloud replaces a paper intensive credit management process with an electronic one to enable better credit portfolio and risk management and to quickly onboard new customers. A cloud-based credit management solution available in Software-as-a-Service(SaaS) Model, Credit Cloud is easy and cost-effective to deploy and maintain.
HighRadius Credit Cloud automates the credit management process, enabling credit managers to make quicker and more accurate decisions. This is done with four primary components, a configurable online credit application, data aggregation engine, collaborative workflow, and electronic storage and retrieval. Moving applications online simplifies the distribution process and eliminates omitted or incorrectly entered customer data. Backup data and decision inputs are automatically gathered and made readily available to review with the application and during periodic reviews. A collaboration platform drives efficient approval hierarchies and customer/internal notifications about credit decisions. Finally, file cabinets full of paper are eliminated, making retrieval easier and storage less expensive. The result is faster customer onboarding, better internal collaboration, higher customer satisfaction, more targeted periodic reviews, and lower credit risk across the company’s customer portfolio.
HighRadius Deductions Cloud enables a proactive deduction management operation. The solution streamlines processing, shortens resolution cycle time, reduces processing costs, and increases recovery rates on invalid deductions. A cloud-based solution available as Software-as-a-Service, Deductions Cloud is easy and cost-effective to deploy and maintain.
HighRadius Deductions Cloud provides automation, process standardization, and a platform for cross-departmental and customer collaboration. The solution provides the most robust automation engine available to capture deduction data from customers and supply the information required for resolution. Backup documentation, such as and Proofs of Delivery (PODs), Bills of Lading (BOLs), are captured automatically and linked to the corresponding deductions to reduce manual research. Corresponding trade promotions are also identified and suggested for settlement. Workflow and automated correspondence engines streamline communication and the approvals process. The result is a proactive deduction management operation that recovers revenue normally lost to invalid deductions.
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