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Talk to an Expert
 * Why HighRadius
 * Products
   
   HighRadius Autonomous Finance Platform
   
   AI-Driven Solutions for the Office of the CFO
   
   Order To Cash
   
   Treasury & Risk
   
   Record To Report
   
   B2B Payments
   
   Accounts Payable
   For Order to Cash
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WHAT IS AUTONOMOUS FINANCE?

Autonomous Finance is a next-gen finance platform that continuously learns from
your ever-changing finance and accounting transaction data. It predicts business
outcomes through proactive decision-making for improved working capital impact,
enhanced customer experience, and accurate cash forecasting

Learn more from our Expert



DIFFERENCE BETWEEN AUTOMATION AND AUTONOMOUS

Automation refers to the use of technology to perform tasks that were previously
done manually. On the other hand, Autonomous systems is able to make decisions
and take actions on their own, without human intervention.

 * Prioritized
   Worklist
 * Dunning
   Emails
 * Log Calls
   and Notes
 * Track Payment
   Commitment
 * Reminder for
   follow-up


AUTOMATED COLLECTIONS

Uses pre-defined criteria to prioritize accounts based on aging bucket, account
size and payment history


< VS >


AUTONOMOUS COLLECTIONS™

Using AI the system prioritizes accounts in real-time that have the likelihood
of missing payment based on payment history, credit score etc.,


AUTOMATED COLLECTIONS

Sends pre-drafted dunning emails, SMS based on the pre-defined rules and
templates


< VS >


AUTONOMOUS COLLECTIONS™

Generates personalized and contextually relevant emails with references to
payment history, promise to pay commitment details and other attributes


AUTOMATED COLLECTIONS

Captures and logs interactions with customers through a manual process


< VS >


AUTONOMOUS COLLECTIONS™

Automatically transcribes voice to text and logs calls and notes in the system


AUTOMATED COLLECTIONS

Tracks and updates promise to pay commitments made by customers manually


< VS >


AUTONOMOUS COLLECTIONS™

Advance technologies like AI, ML, NLP automatically tracks and updates the
payment commitments made by customers


AUTOMATED COLLECTIONS

Generates reminders for follow-ups based on predefined schedules


< VS >


AUTONOMOUS COLLECTIONS™

Schedules follow-up tasks based on likelihood of payment, changing credit score
etc.,


PATH TO ACHIEVE AUTONOMOUS FINANCE WITH HIGHRADIUS

The HighRadius Autonomous Finance platform is currently available for three key
areas of the Office of the CFO


ORDER TO CASH

Transform the Order to Cash process with HighRadius to create working capital
impact, lower DSO and increase efficiency.

Watch Video


TREASURY & RISK

Automate cash management and use AI to forecast cash, reduce risk, and allocate
cash efficiently to transform the Treasury function.

Watch Video


RECORD TO REPORT

Automate account reconciliation and anomaly detection to achieve day zero
financial close and gain real-time visibility into financial data.

Watch Video


TREASURY & RISK

Automate cash management and use AI to forecast cash, reduce risk, and allocate
cash efficiently to transform the Treasury function.

Watch Video


RECORD TO REPORT

Automate account reconciliation and anomaly detection to achieve day zero
financial close and gain real-time visibility into financial data.

Watch Video


ORDER TO CASH

Automate cash management and use AI to forecast cash, reduce risk, and allocate
cash efficiently to transform the Treasury function.

Watch Video
x


TREASURY & RISK

Transform Treasury function by automating critical aspects of cash management
and, leverage AI and Machine Learning to optimize cash position, reduce risk
exposure and drive efficient cash allocation. This enables Finance Leaders to
transform Treasury function into a strategic driver for growth and innovation in
the organization.

Learn More


RECORD TO REPORT

Transform Accounting function by automating tasks such as account
reconciliation, journal entries and intercompany accounting to achieve day zero
financial close. And leverage AI and Machine Learning to improve accuracy and
financial reporting; thereby providing real-time visibility into financial data.
This eliminates errors, save time and allows Finance Leaders to make more
informed-decisions.

Learn More


ORDER TO CASH

Transform Order to Cash process with automation, AI, Machine Learning, and NLP
(Natural Language Processing) to achieve autonomy. This enables Finance Leaders
/ AR Leaders to create a single integrated platform thereby streamline the
process while enhancing accuracy, increasing efficiency and reducing DSO

Learn More


BENEFITS OF AUTONOMOUS FINANCE FOR FINANCE LEADERS

By leveraging advanced technologies such as AI and machine learning, autonomous
finance solution automates and streamlines finance processes


FASTER CASH CONVERSION

HighRadius Autonomous Finance solution help in better cash flow management and
improving working capital by automating Order-to-Cash process, accelerating cash
conversion and reducing DSO


20%

Reduction
in DSO


ACCURATE CASH FORECASTING

Autonomous Finance software can provide accurate cash forecasting and risk
management capabilities; helping CFOs and Treasurers to optimize cash positions
and reduce financnial risk


90%

Reduction
in Forecasting Errors





REAL-TIME ACCESS TO FINANCE DATA

Autonomous Finance software offers real-time data insights and reporting,
helping Finance leaders gain better visibility into financial performance to
make more informed decisions


360O

View of
Financial Data


INCREASED EFFICIENCY AND PRODUCTIVITY

Autonomous Finance solution reduces manual repetitive tasks and errors, freeing
up Finance team to focus on strategic tasks, leading to optimization of finance
operations


15HRS/MO

Saved
Per FTE





IMPROVED COMPLIANCE AND AUDITABILITY

Autonomous Finance software ensures compliance with accounting standards and
regulations, reducing the risk of errors and penalties, leading to improved
auditability and financial transparency


WANT TO LEARN HOW HIGHRADIUS TRANSFORMED 800+ GLOBAL FINANCE TEAMS

Get a free 45-min one-on-one insights sharing session from our Consultant

Book me a session



FREQUENTLY ASKED QUESTIONS

HOW DO AUTONOMOUS FINANCE SOLUTIONS WORK?

AUTONOMOUS FINANCE SOLUTIONS USES A COMBINATION OF AI, MACHINE LEARNING AND
AUTOMATION TECHNOLOGIES TO ANALYZE FIANNCIAL DATA AND AUTOMATE FINANCIAL
PROCESSES. THEY CAN LEARN FROM HISTORICAL DATA AND USER BEHAVIOUR TO MAKE
PREDICTIONS, IDENTIFY PATTERNS AND SUGGEST ACTIONS

HOW DO AUTONOMOUS FINANCE SOLUTIONS INTEGRATE WITH EXISTING FINANCIAL SYSTEMS?

AUTONOMOUS FINANCE SOLUTIONS CAN BE INTEGRATED WITH EXISTING FINANCIAL SYSTEMS,
SUCH AS ERPS AND CRMS, THROUGH APIS OR CONNECTORS, TO ENABLE SEAMLESS DATA
TRANSFER AND WORKFLOW AUTOMATION.

HOW MUCH DOES IT COST TO IMPLEMENT AUTONOMOUS FINANCE SOLUTIONS?

THE COST OF IMPLEMENTING AUTONOMOUS FINANCE SOLUTIONS CAN VARY DEPENDING ON THE
SCOPE OF THE PROJECT, THE COMPLEXITY OF THE FINANCIAL PROCESSES INVOLVED, AND
THE TECHNOLOGY STACK USED.

ARE AUTONOMOUS FINANCE SOLUTIONS SECURE?

YES, AUTONOMOUS FINANCE SOLUTIONS USE ADVANCED SECURITY MEASURES , SUCH AS
ENCRYPTION AND MULTI-FACTOR AUTHENTICATION TO PROTECT FINANCIAL DATA. THEY ALSO
COMPLY WITH REGULATORY STANDARDS, SUCH AS GDPR AND SOX, TO ENSURE DATA PRIVACY
AND COMPLIANCE

WHAT TYPES OF BUSINESSES CAN BENEFIT FROM AUTONOMOUS FINANCE SOLUTIONS?

ANY BUSINESS THAT DEALS WITH FINANCIAL TRANSACTIONS AND PROCESSES CAN BENEFIT
FROM AUTONOMOUS FINANCE SOLUTIONS, REGARDLESS OF SIZE OR INDUSTRY. THEY CAN HELP
BUSINESSES OF ALL SIZES, FROM SMALL STARTUPS TO LARGE ENTERPRISES, IMPROVE THEIR
FINANCIAL PERFORMANCE AND EFFICIENCY.

HOW CAN BUSINESSES MEASURE THE ROI OF AUTONOMOUS FINANCE SOLUTIONS?

BUSINESSES CAN MEASURE THE ROI OF AUTONOMOUS FINANCE SOLUTIONS BY TRACKING KEY
PERFORMANCE INDICATORS (KPIS), SUCH AS CASH FLOW, DAYS SALES OUTSTANDING (DSO),
AND FINANCIAL CLOSE CYCLE TIME. THEY CAN ALSO COMPARE THE COSTS AND BENEFITS OF
USING AUTONOMOUS FINANCE SOLUTIONS VERSUS MANUAL OR TRADITIONAL METHODS.

x

Please fill in the details below

We have seen financial services costs decline by $2.5M while the volume,
quality, and productivity increase.

Colleen Zdrojewski

Vice President – Financial Services

--------------------------------------------------------------------------------

Dr Pepper Snapple Group

Trusted By 800+ Global Businesses

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 * Collections Management
 * Cash Application Management
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 * Credit Management
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 * Interchange Fee Optimizer
 * Payment Gateway For SAP

 * Record To Report
 * Financial Close
 * Balance Sheet Reconciliation
 * Daily Revenue Reconciliation
 * Intercompany Management
 * Financial Consolidation & Reporting
 * Anomaly Management
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 * Treasury Payments

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