Electronic Invoice Presentment and Payment (EIPP) Software
Simplifies invoicing and payment processes by offering seamless integration with banks and ERPs globally.
Executive Summary
HighRadius Electronic Invoice Presentment and Payment (EIPP) Software is a digital solution designed to automate and accelerate the entire invoice-to-cash cycle. It enables businesses to electronically present invoices to customers and accept online payments across various channels, significantly reducing manual effort and improving efficiency. The platform offers seamless integration capabilities with major ERP systems (such as SAP, Oracle, and Microsoft Dynamics), banking partners, payment processors, and credit/collection agencies. This ensures secure and streamlined data exchange, facilitating automated payment reconciliation and real-time visibility into financial operations. By leveraging AI and machine learning, HighRadius EIPP aims to minimize manual intervention, enhance data accuracy, and optimize cash flow. HighRadius EIPP prioritizes data security and privacy, adhering to stringent compliance standards including SOC 1 Type 2, SOC 2 Type 2, ISO 27001, GDPR, and HIPAA. It provides tools for businesses to manage their accounts receivable more effectively, offer a self-service portal for buyers, and ensure regulatory alignment in their financial processes.
Use Cases
- Electronically present invoices to customers through a self-service portal or preferred digital channels.
- Accept online payments from customers via various methods, accelerating cash collection.
- Automate the delivery of invoices and reconciliation of incoming payments with open receivables.
- Integrate seamlessly with existing ERP systems and banking partners for unified data flow and process automation.
- Provide buyers with a self-service portal to view invoices, track payment status, and manage their accounts.
Features
Visibility
- Buyer Self-Service Portal: Provides a dedicated, secure portal for customers to view invoices, track payment status, access payment history, and make online payments at their convenience.
- Real-time Invoice & Payment Status: Offers real-time visibility into the status of invoices, payment collections, and reconciliation progress across all integrated systems and payment channels.
Intelligence
- Automated Payment Reconciliation: Uses AI to automatically match incoming payments with open invoices, reducing manual effort, accelerating cash application, and minimizing errors.
- Intelligent Invoice Delivery: Automates the delivery of invoices through preferred customer channels (e.g., email, portal, EDI), optimizing for speed, efficiency, and customer preference.
Technical Specifications
- Architecture
- Cloud-native, microservices-based architecture supporting API-driven and file-based integrations with ERPs and banks for scalable and secure data processing.
- Deployment
- SaaS
- Authentication
- SSO/SAML, MFA
- API Available
- Yes
Integrations
- SAP
- Oracle
- Microsoft Dynamics
- Banking Partners
- Payment Processors
- Credit Agencies
- Collection Agencies
Security & Compliance
Certifications: SOC 1 Type 2, SOC 2 Type 2, ISO 27001, GDPR, HIPAA
Encryption: Data encryption in transit (TLS) and at rest (AES-256) to ensure secure transmission and storage of sensitive financial information.
Pricing
- 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.