HOUSTON--(BUSINESS WIRE)--HighRadius today announced it has been recognized as a leader in two IDC MarketScape reports – IDC MarketScape: Worldwide Accounts Receivable Automation Applications for Enterprise (doc #US51740924, December 2024) and IDC MarketScape: Worldwide Accounts Receivable Automation Applications for Small and Midmarket 2024 Vendor Assessment (doc #US52692224, December 2024).
According to IDC, HighRadius’ strengths are:
- Value creation via AI: Robust AI functionality embedded throughout the solution, from big data storage capability to generative AI (FreedaGPT). And a no-code/low-code platform (LiveCube) that drives measurable value creation for customers. HighRadius offers real-time analytics that tracks specific business outcomes delivered across all O2C products.
- Integrability: API based integrations with various client and third-party systems, including a prebuilt library of integrations with 25+ ERPs, 100+ banks, 45+ credit agencies, 50+ credit card processors, 50+ countries for e-invoicing, and 1,000+ customer and AP portals.
HighRadius’ Accounts Receivable product suite automates business outcomes across Collections Management, Cash Application Management, Deductions Management, Credit Management and Electronic Invoicing for 1000+ global customers.
“In a landscape where capabilities and future-strategy in Accounts Receivable are critical, HighRadius attempts to deliver a solution that’s both transformative and practical. Their approach to AI & ML drives measurable impact, empowering finance teams to stay ahead in an increasingly data-driven world,” said Kevin Permenter, Research Director at IDC.
“HighRadius has been a transformative partner for over a decade. Together, we’ve elevated from a cost-saving function to a true driver of value creation. Thanks to HighRadius, Danone (North America) achieves straight-through cash posting, recovers $20 million annually in invalid deductions, and maintains 96% accuracy in cash forecasting. We believe this recognition is well-deserved—congratulations to the team!” said Jacob Whetstone, Director, Credit and Accounts Receivables, Danone North America.
"HighRadius has been a game-changer for Konica Minolta, enabling us to unlock millions in working capital and optimize our cash flow. By reducing DSO by nine days, automating customer correspondence, and achieving 83% adoption of e-payments, we have saved $3.5 million through payment efficiencies & $2 million annually in credit card fees. HighRadius has streamlined our operations, allowing us to focus on what truly matters - driving growth and innovation," said Holly DeSantis, EVP & CFO, Konica Minolta.
“$20 million added to cash flow, a 20-day DSO reduction, and 40% more productive collectors—HighRadius proves that being a market leader is about delivering real outcomes for customers like DXP,” said S.Joseph Grass, Director, Credit and A/R, DXP.
“We are truly humbled to be recognized as a Leader by the IDC MarketScape. For us, success is defined by the value we deliver to our customers. Whether it’s helping Danone (North America) recover $20 million in value, enabling Konica Minolta to reduce DSO by 9 days, or driving 40% more productivity for DXP, we remain committed to turning challenges into measurable outcomes,” said Sashi Narahari, CEO & Founder, HighRadius.
Download a complimentary excerpt copy of the 2024 IDC MarketScape Worldwide Accounts Receivable Automation Applications for Enterprise, Small and Midmarket 2024 Vendor Assessment here.
About HighRadius
HighRadius offers cloud-based autonomous software designed to revolutionize the Office of the CFO. Leveraging AI, RPA, NLP, and connected workspaces, HighRadius’ software automates and optimizes Order-to-Cash, Treasury, Record-to-Report, B2B Payments, and Accounts Payable processes. With 2700+ implementations across 1,000 leading companies, including 3M, Unilever, and Hershey's, HighRadius enables finance teams to achieve operational excellence and measurable business outcomes, enhancing productivity and reducing operational costs, all within six months.
For more information, visit HighRadius’ Website.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market.
The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
