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April 14, 2022


HIGHRADIUS POSITIONED AS A LEADER IN FIRST-EVER GARTNER MAGIC QUADRANT FOR
INTEGRATED INVOICE-TO-CASH APPLICATIONS

Autonomous Software Provides Relief for Overworked Finance Teams as CFOs Cite
Concerns Over High Turnover Rates Invoice-to-Cash Applications

HOUSTON — April 14, 2022 — HighRadius, the leading provider of Autonomous
Finance Software, today announced it has been named a Leader in the 2022 Magic
Quadrant for Integrated Invoice-to-Cash (I2C) Applications. 

According to Gartner, “Leaders are in the strongest position to influence the
market’s growth and direction. They demonstrate a market-defining vision of how
integrated I2C applications can help CFOs achieve their business objectives of
improving cash flow while enabling efficiencies and predictive capabilities
within their AR operations. Leaders have the ability to execute their vision
through their product strategy by deploying AI throughout the solutions within
their application. They excel in their combination of market responsiveness,
innovation and product features.”

Gartner further states that integrated I2C solutions have become a key
requirement for most finance organizations, projecting that the market for
integrated I2C solutions will reach $3 billion by 2024.

The desire of CFOs to address the shortcomings of traditional ERP systems,
improve cash flow and enhance customer experience is expected to drive that
growth, as will the need to arm finance teams with the tools needed to manage
ever-increasing workloads and reduce turnover related to workplace stress.

According to a recent survey by the Institute of Finance & Management, accounts
receivable teams report feeling more stressed at work than ever before, a factor
that likely contributes to high turnover in this key function. By automating
routine processes and using artificial intelligence to flag potentially
problematic issues for further review, HighRadius’ solutions increase the
productivity of finance professionals while also easing their workplace stress.

“Finance organizations are always battling the clock and unrealistic
expectations, and the constant pressure to keep things moving creates a great
deal of stress,” said HighRadius founder and CEO Sashi Narahari. “Our solutions,
which support many key functions in the office of the CFO — I2C, Treasury and
Record to Report — allow finance professionals to make better decisions more
quickly than has previously been possible. All while dramatically reducing their
workload and allowing them to focus on what matters, not just what needs to be
done.”

Automation Addresses Growing Concerns Around Team Burnout

“The Great Resignation” is significantly impacting finance teams, with CFOs
increasingly concerned about high turnover rates. Finance teams move quickly and
can’t afford to veer off-track toward business goals, especially during vital
times such as end-of-year close. To avoid missed monthly objectives, CFOs can
leverage Autonomous Finance Software to help ease workloads, reduce costs and
save time.

“We conducted a series of interviews with finance team executives and found that
many are under a significant threat of burnout,” said IOFM Director Josh
Barrett. “Companies are investing more in automation solutions to help their
teams work more efficiently and address the growing feeling of fatigue from
absences, time constraints and increased workload.”

HighRadius Helps Teams Free Up Time to Focus on High-Value Tasks 

“With HighRadius, Bayer has a long-term strategic partner, and through great
collaboration, we have been able to realize significant efficiency and outcome
improvements in the Bill to Cash space,” said Rob Bullen, Bayer AG’s senior vice
president for its shared service center delivery network. “We congratulate
HighRadius for its positioning in the Gartner Magic Quadrant as a Leader.”

HighRadius’ AI-powered suite of Autonomous Finance solutions offers tremendous
advantages tailored to the specific needs of finance departments. By automating
routine tasks and flagging potentially problematic transactions for follow up,
the company’s solutions help reduce the need for high-value employees to spend
excess time on low-value tasks. This empowers analysts and managers to focus on
more strategic work that truly moves the needle for their organization, and, in
so doing, creates a higher level of job satisfaction. Artificial intelligence
also allows finance teams to better understand customer behavior and improve the
customer experience. According to the Harvard Business Review, most companies
now expect the CFO to be a player in customer experience initiatives. Nearly 60%
of survey respondents said they believed the finance function will be
significantly or somewhat involved in their organization’s approach to customer
experience over the next two years.

To learn more about how HighRadius’ solutions have helped the world’s leading
companies improve cash flow, reduce costs, and level of the contribution of
their finance teams, visit www.highradius.com. Additionally, to download a copy
of the Gartner Magic Quadrant for Integrated Invoice-to-Cash Applications, click
here. 

Magic Quadrant for Integrated Invoice-to-Cash Applications Published 06 April
2022 - ID G00753102 - By Nisha Bhandare, Mark D. McDonald, Tamara Shipley 

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its
affiliates in the U.S. and internationally and are used herein with permission.
All rights reserved. Gartner does not endorse any vendor, product or service
depicted in our research publications, and does not advise technology users to
select only those vendors with the highest ratings or other designation. Gartner
research publications consist of the opinions of Gartner's research organization
and should not be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research, including any
warranties of merchantability or fitness for a particular purpose.

About HighRadius Corporation

HighRadius is the leading provider of Autonomous Finance Software. Our
AI-powered solutions automate routine processes and surface potential issues for
further review, allowing finance professionals to focus on what matters, making
better decisions more quickly than is possible with traditional ERP systems.
More than 700 of the world’s leading brands leverage High Radius to power their
Order to Cash, Treasury, and Record to Report functions, including 3M, Unilever,
Anheuser-Busch InBev, Sanofi, Kellogg Company, Danone, Hershey’s, etc.

Click here to know more about Autonomous Software.

Media Contact
Treble
Matt Grant
highradius@treblepr.com

December, 07, 2022


HIGHRADIUS TEAMS UP WITH GOOGLE CLOUD TO ACCELERATE FINANCE TRANSFORMATION

Read More
September, 27, 2022


PWC INDIA AND HIGHRADIUS ALLIANCE WILL HELP THE OFFICE OF THE CFO TO EMBRACE
AUTONOMOUS FINANCE

Read More
HighRadius Cash Application Software enables the end-to-end automation of the
cash application process that covers major benefits such as AI-enabled data
capture for remittances, auto-linking of payments with open invoices,
cost-cutting on lockbox fees, and easy compatibility with any system due to its
ERP-agnostic Saas infrastructure. Apart from the major benefits that it has,
there are some key features that can not be missed out, some of them are Email
Remittance capture, Discounts and Deductions Handling, Check Remittance Capture,
Web Remittance Capture, Invoice Matching, and RDC & Mobile Payments. Improve
your efficiency with our order-to-cash templates such as - A/R Aging Report, DSO
calculation excel template, A/R Dashboard excel template, credit scoring model
for new customers, 21 Credit-collections email template, and Our Ebooks.
© 2022 HighRadius • All rights reserved
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Westlake 4 Building (BP Campus)
200 Westlake Park Blvd.
8th floor
Houston, TX 77079


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