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HighRadius
Fintech
HighRadius is a Houston-based fintech company providing AI-driven software that automates order-to-cash and treasury management processes, such as invoicing, collections, and cash application, for large enterprise finance teams.
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HighRadius was founded in 2006 by Sashi Narahari, based on the recognition that the "order-to-cash" process, the broad set of financial operations tasks spanning invoicing customers, managing credit and collections, applying incoming payments to the correct invoices, and resolving payment disputes, remains highly manual and labor-intensive at most large companies despite representing a very significant and recurring administrative burden for corporate finance and accounts receivable teams, particularly at companies processing very large volumes of customer invoices and payments across complex business relationships. HighRadius's platform uses AI and machine learning to automate significant portions of this order-to-cash workflow, including automatically matching incoming customer payments to the correct outstanding invoices even when payment details don't precisely match invoice records, a surprisingly common and time-consuming manual reconciliation task at large companies; predicting which customer accounts are likely to become delinquent and prioritizing collections outreach accordingly; and automating credit risk assessment for extending payment terms to customers. The company has expanded beyond its original order-to-cash focus into broader treasury and financial operations software, including cash forecasting and treasury management tools that help large corporate finance teams better predict and manage their organization's cash position. HighRadius's customers span very large global enterprises across many industries that process substantial transaction volumes through their accounts receivable and broader finance operations, where even modest efficiency improvements or reductions in payment processing errors can represent significant financial value given the scale of transactions involved. The company has raised very substantial venture funding from investors including ICONIQ Growth, Susquehanna Growth Equity, and Citi Ventures, reaching a valuation exceeding $3.4 billion, competing with other financial operations automation vendors and the finance modules of large enterprise resource planning (ERP) systems.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
