Recognized for strengths in AI functionality and integrations

HOUSTON: HighRadius today announced it has been recognized as a leader in the inaugural IDC MarketScape report for Worldwide Embedded Payments Applications 2024-2025 (doc #US51793524, December 2024). HighRadius was evaluated amongst 20 other vendors in the report.

According to the IDC MarketScape, HighRadius’ strengths are:

• AI Functionality:
  HighRadius offers robust AI functionality embedded throughout the solution. Big data storage capability, generative AI content summarization, and machine learning algorithms to improve decision-making and reduce payment processing costs for the I2C, P2P, and Treasury cycles. FreedaGPT, HighRadius’ Digital Assistant acts as a one-stop solution for most queries users may have regarding the entire suite of products.
  

• Integration:
  The platform offers API and SFTP-based integrations with various client and third-party systems. These include a prebuilt library of integrations with 25+ ERPs, 100+ banks, 45+ credit agencies, 50+ credit card processors, 150+ regional payment methods, and AP portals. It also supports compliant e-invoicing in 50+ countries.

HighRadius’ B2B Payments Product Suite helps companies optimize payment processes.

• Reduces Transaction Costs: Recovers up to 50% interchange fees with surcharging and an additional 20% through the interchange fee optimizer.
• Ensures Regulatory Compliance: 100% Global PCI DSS compliance across all payment channels.

"HighRadius continues to set benchmarks in the financial software space. Their recognition in the debut IDC MarketScape for Embedded Payments highlights their ability to meet the evolving needs of CFOs," said Kevin Permenter, Research Director, IDC. “Multiple recognitions across other IDC MarketScape reports further underscore HighRadius' ability to deliver comprehensive capabilities,” he added.

"HighRadius has been a game-changer for Konica Minolta, enabling us to unlock millions in working capital and optimize our cash flow. By helping us achieve 83% adoption of e-payments, we have saved $3.5 million through payment efficiencies & $2 million annually in credit card fees," said Holly DeSantis, EVP & CFO, Konica Minolta.

“It’s rewarding to receive recognition from the IDC MarketScape,” said Sashi Narahari, CEO of HighRadius. “Our focus is on value creation for customers. Sometimes that can mean more automation. But just as important are integrations to 3rd parties and the ability to demonstrate compliance. With B2B Payments, the customers save real dollars by lowering their transaction costs by more than 50%,” he added.

Download a complimentary excerpt copy of the IDC MarketScape: Worldwide Embedded Payment Applications 2024–2025 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.

Fonte: Business Wire