HighRadius Ranked 5th on Houston's Fastest Growing Technology Companies

HighRadius receives Houston Business Journal's Fast Tech 50 Award Based on Achieving 240% Year-Over-Year Revenue Growth.

Houston, TX (PRWEB) November 13, 2008 -- HighRadius Corporation (http://www.highradius.com), a provider of Financial Supply Chain Management (FSCM) solutions reinforced its status in the field of technological innovation by securing fifth (5th) place on the Houston Business Journal's list of the fastest growing technology companies in Houston on Friday, November 7th.

"HighRadius' inclusion on the Fast Tech 50 is a great honor and achievement," said HighRadius CEO Sashi Narahari. "This award is a testament to not only our cutting edge solutions and business ideas, but the innovative Houston business community. This city has a creative culture, strong labor pool and excellent technology strategists that are eager to question the status quo and bring a paradigm shift in problem solving."

Rankings in the Fast Tech 50 are based on year-over-year growth rate of revenue. High Radius' growth rate of 240% earned the company a fifth place showing in this year's official ceremony.

HighRadius's success story has been built on working very closely with Fortune 1000 companies finance departments in improving their accounts receivables processes with creative but practical solutions with a clear Return on Investment (ROI).

"One of the biggest advantages of HighRadius's solutions is that it is very easy to show a return on investment", said Sashi. Our ability to help our customers achieve a quick return on investment within months has helped us continue to rapidly grow the business even in the current economic climate."

About HighRadius Corporation
HighRadius provides Financial Supply Chain Management (FSCM) solutions to enable companies to proactively control order-to-cash discrepancies and accelerate dispute settlements. HighRadius solutions complement and extend ERP systems from vendors such as SAP by bringing all the information and processes relating to internal departments, service providers such as transportation carriers and customer interactions into a single eco-system to process deductions. HighRadius financial automation solutions enable companies to significantly reduce day's sales outstanding (DSO), minimize write-off's, lower operating and administrative costs and ensure SOX compliance via accurate revenue prediction.

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