Increasingly, savvy finance managers are considering the strategic impact of AR automation on the financial supply chain and the working capital improvements it can deliver.
Houston, TX (PRWEB) January 30, 2013
HighRadius, a leading provider of Receivables Management solutions, is proud to announce its inclusion in a report from Paystream Advisors, a leading industry analyst that provides insight reports to help companies plan projects and select solutions in emerging automation areas in accounts receivable and payable.
The current report, entitled Revenue Cycle Management: Increasing Control Over the Order-to-Cash Process is an update of the last report that was issued in 2008. “Since our initial report in 2005, and updated coverage in 2008, there has been continued interest in the rapidly maturing set of technologies known as Revenue Cycle Management Automation (RCM). RCM encompasses a broad set of receivables, credit and collection management tools designed to streamline and enhance the order-to-cash (O2C) process. Initial RCM solution sets had a relatively limited focus on credit analysis, collections, deduction resolution, and remittance processing,” the report notes. “Today the scope of RCM solutions is greatly expanded…and today’s RCM solutions offer considerably more functionality within an expanded universe than they did five years ago.”
HighRadius’ participation in the report represents the evolution of RCM solutions from primarily on-premise solutions with limited functionality that covered limited parts of the order-to-cash cycle to more modern, cloud-based solutions, available as Software as a Service (SaaS) that provide comprehensive coverage of the order-to-cash cycle with advanced automation. The report highlights the company’s two product lines. As stated in the report, “HighRadius’ two product lines are Receivables OnDemand and Accelerators for SAP® Receivables Management (formerly FSCM). The Accelerators are built in ABAP on top of the SAP Netweaver platform and reside natively in the SAP application to deliver automation enhancements and real-time data integration. The accelerators give SAP Receivables Management the extra functionality it needs to compete with any best-of-breed AR point solution, providing AR departments with a solid option to be fully integrated into their organization’s ERP with a lower TCO.”
The report continues, “The Receivables OnDemand solutions are cloud-based and can be implemented individually or in combination to provide end-to-end management and automation of key receivables functions: credit, cash application, collections, deductions, and invoicing. This is the only complete suite for managing credit and AR available as a SaaS offering, which gives non-SAP customers of any size and SMB SAP shops an option to optimize AR at a uniquely low TCO. The products are quick and easy to deploy, maintain, and upgrade. The resulting higher value business processes empower AR to assume a more strategic position in the corporate landscape.”
Empowering its customers to take that strategic position in their organization is a key tenant of HighRadius’ philosophy. In conclusion the Paystream Report notes, “Until recently, automation efforts in AR were focused on the operational benefits of technology. Increasingly, savvy finance managers are considering the strategic impact of AR automation on the financial supply chain and the working capital improvements it can deliver.”
This report should be read by those who are considering an efficiency initiative to improve A/R operations or by those who are tasked with covering the space or making recommendations to clients about such technologies. The full report is available for download here.
HighRadius improves corporate receivables results by modernizing and streamlining accounts receivables operations. The company’s cloud-based solutions for managing credit, cash application, customer deductions, and collections and certified solutions and services for SAP Receivables Management are trusted by some of world’s most recognizable brand names. Founded in 2006, HighRadius is based in Houston, Texas and is consistently named one of the city’s fastest growing technology companies. For more information please visit http://www.highradius.com.