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HighRadius Surpasses Critical Milestones in 2018 with Record Global Expansion

January 10, 2019

HOUSTON--(BUSINESS WIRE)--Jan 10, 2019--HighRadius, a fintech enterprise Software-as-a-Service (SaaS) company specializing in automating the order-to-cash process with its Integrated Receivables platform, today announced record expansion across all areas of the business.

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HighRadius announces record expansion across all areas of the business. (Photo: Business Wire)

“2018 was the year that the bets we’ve been making over the last few years started to pay off in scale,” said Sashi Narahari, CEO and Founder of HighRadius. “We’ve always felt that the enterprise order-to-cash process could be fundamentally transformed by combining a cloud platform, artificial intelligence and strategic industry relationships. Our investments in these areas are bearing fruit both in our product offering and our go-to-market and set the stage for an even stronger 2019.”

Customer and Growth Highlights

Surpassed 350 customers globally across multiple industries Exceed $1 trillion in transactions on the HighRadius ®Integrated Receivables Platform Initiated more than 225 order-to-cash digital transformation projects Expanded and relocated headquarters in Houston, TX Doubled the size of European staff including sales, marketing and consulting Exceeded 900 employees globally, with largest growth in R&D and customer facing roles

Product and Partnership Highlights

Launched Freeda™ Virtual Assistant for order-to-cash and AI Editions of products in Integrated Receivables Platform as first chapter in HighRadius’ Receivables 2020 Vision at Radiance 2018 Expanded channel partnerships with numerous banking partners, including Bank of America Merrill Lynch, Citi and PNC Extended radiusOne TM Supplier-Buyer Network to support Virtual Card Payments in partnership with Noventis

To find out more, please visit: https://www.highradius.com/.

About HighRadius Corporation

HighRadius is a fintech enterprise Software-as-a-Service (SaaS) company. The HighRadius ® Integrated Receivables platform reduces cycle times in your order-to-cash process through automation of receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions and collections. Powered by the Rivana TM Artificial Intelligence Engine and Freeda TM Virtual Assistant for order-to-cash teams, HighRadius enables teams to leverage machine learning to predict future outcomes and automate routine labor-intensive tasks. The radiusOne TM B2B payment network allows suppliers to digitally connect with buyers, closing the loop from supplier receivable processes to buyer payable processes. HighRadius solutions have a proven track record of optimizing cash flow, reducing days sales outstanding (DSO) and bad debt, and increasing operational efficiency so that companies may achieve strong ROI in just a few months. To learn more, please visit www.highradius.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190110005203/en/

CONTACT: Treble

Sam Tormey

highradius@treblepr.com

512.960.8222

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE SMALL BUSINESS OFFICE PRODUCTS MOBILE/WIRELESS PROFESSIONAL SERVICES BANKING FINANCE RETAIL

SOURCE: HighRadius Corporation

Copyright Business Wire 2019.

PUB: 01/10/2019 07:00 AM/DISC: 01/10/2019 07:01 AM

http://www.businesswire.com/news/home/20190110005203/en

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