RadiusOne AR From HighRadius Achieves ‘Built for NetSuite’ Status

New SuiteApp that helps midsized businesses improve order to cash processes meets the Oracle NetSuite SuiteCloud Platform development standards and best practices

HighRadius, a fintech enterprise Software-as-a-Service (SaaS) company specializing in automating the order-to-cash and treasury management processes, today announced that its RadiusOne AR for Mid-Market software has achieved “Built for NetSuite” status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Platform, helps organizations optimize their end-to-end order to cash processes.

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HighRadius and NetSuite Partnership (Graphic: Business Wire)

"With RadiusOne AR, we can help NetSuite customers automate their AR processes, manage their operational costs, and increase efficiency,” said Sayid Shabeer, Chief Product Officer at HighRadius. “The RadiusOne AR SuiteApp will allow our joint customers to have stronger cash-flow using AI-based technology to automate their electronic invoicing, collections, cash reconciliation, and credit risk.”

RadiusOne AR helps businesses overcome the largest challenges faced in optimizing working capital by offering electronic invoicing and collections, cash reconciliation and credit risk services. With pre-loaded configurations based on industry-specific best practices, this new SuiteApp is easy to afford and deploy, potentially delivering value in as little as four weeks.

“Businesses continue to look for ways to bring automation and intelligence to their AR processes to better manage their working capital,” said Guido Haarmans, vice president, SuiteCloud Developer Network and Partner Programs, Oracle NetSuite. “This new SuiteApp extends our robust solution for receivables management and helps NetSuite customers further optimize their cash flow management.”

Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provide the information, resources and methodology required to help them verify that their applications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps, like RadiusOne AR, have been built to meet these standards.

For information about Built for NetSuite SuiteApps, please visit www.netsuite.com/BuiltforNetSuite. For more information about the integrated solution, please visit www.suiteapp.com.

About SuiteCloud

Oracle NetSuite’s SuiteCloud platform is a comprehensive offering of cloud-based products, development tools, and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry's leading provider of cloud-based financials / ERP software suites, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built to extend the power of NetSuite and unlock further growth for NetSuite customers.

The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) who build apps for SuiteCloud. All available and approved SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business processes or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit http://www.netsuite.com/developers.

About HighRadius Corporation

HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based Autonomous Systems to help 600+ industry-leading companies automate their Accounts Receivable and Treasury processes.

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. The HighRadius® RadiusOne AR Suite offers a pocket-friendly platform for hundreds of midsized businesses to enable faster AR processing and enhance their working capital. HighRadius® Treasury Management Applications help teams achieve touchless cash management and accurate cash forecasting.

Powered by the Rivana™ Artificial Intelligence Engine and Freeda™ Digital Assistant for order-to-cash teams, HighRadius enables teams to leverage machine learning to predict future outcomes and automate routine labor-intensive tasks.

Processing over $2.23 Trillion in receivables transactions annually, 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. HighRadius is the industry’s most preferred solution for Accounts Receivable & Treasury and has been named a Leader by IDC MarketScape twice in a row.

To learn more, please visit www.highradius.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210713005122/en/