Order to Cash Automation Software
Automate O2C with AI to reduce past dues, minimize DSO, and boost collections.
Executive Summary
HighRadius Order to Cash Automation Software is an AI-powered solution designed to streamline and automate the entire order-to-cash process. It aims to significantly reduce Days Sales Outstanding (DSO) and bad debt by leveraging artificial intelligence and machine learning. The software covers the full O2C workflow, from order entry and credit checks to invoicing, cash application, and collections, providing end-to-end workflow coverage. The platform provides AI-driven insights to optimize various stages of the O2C cycle, enabling businesses to improve cash flow, enhance operational efficiency, and gain better visibility into their financial operations. It integrates seamlessly with existing ERP systems, banking partners, and credit agencies to ensure secure and efficient data flow, supporting both API and SFTP-based integrations. HighRadius emphasizes its role as a "Digital World Class Vendor" in O2C automation, offering robust features for cash application, credit management, collections, and deductions. The software is built to handle complex financial processes, ensuring compliance and data security through certifications like SOC 1, SOC 2, ISO 27001, GDPR, and HIPAA.
Use Cases
- Automating cash application to match incoming payments with invoices quickly and accurately.
- Streamlining credit management processes, including credit risk assessment and setting credit limits.
- Optimizing collections by prioritizing accounts and automating dunning processes.
- Efficiently managing deductions and disputes to accelerate resolution times.
- Gaining real-time visibility and analytics into overall O2C performance metrics.
Features
Visibility
- End-to-End Workflow Coverage: Provides comprehensive visibility and automation across the entire order entry, credit checks, invoice, cash application, and collections process.
- Real-time O2C Analytics: Offers dashboards and reports for real-time insights into DSO, past dues, collection rates, and cash application status.
Intelligence
- AI-Driven Cash Application: Automates the matching of incoming payments to invoices using AI, reducing manual effort and improving accuracy.
- Predictive Credit Risk Assessment: Leverages AI to assess customer credit risk, recommend credit limits, and monitor changes in risk profiles.
- Intelligent Collections Prioritization: Uses AI to prioritize collection efforts based on payment behavior, risk scores, and potential for recovery.
- Automated Deduction Management: Identifies, categorizes, and helps resolve deductions and disputes efficiently through AI-powered workflows.
Technical Specifications
- Deployment
- SaaS
- API Available
- Yes
AI/ML Stack
- AI
- Machine Learning
Integrations
- SAP
- Oracle
- Microsoft Dynamics
- Credit Agencies
- Payment Partners
- Banking Partners
- Other Third-Party Applications
Security & Compliance
Certifications: SOC 1 Type 2, SOC 2 Type 2, ISO 27001, GDPR, HIPAA
Encryption: Secure transmission of data via SFTP and API-based integrations, ensuring data privacy and integrity.
Pricing
- Model
- Subscription-based, influenced by feature requirements
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About HighRadius
HighRadius offers AI-driven Autonomous Finance Solutions for the Office of the CFO, automating and enhancing accounts receivable, treasury management, order-to-cash, record-to-report, and accounts payable processes for over 800 leading companies.