HighRadius, Sage Collaborate On AR Automation

HighRadius, which helps companies automate their accounts receivable (AR) and treasury workflows, has teamed with Sage Intacct to provide start-to-finish AR automation, according to a Tuesday (March 9) announcement.

The FinTech Software-as-a-Service (SaaS) firm has connected its RadiusOne A/R Suite with the Sage Intacct cloud financial management technology and made it available on the Sage Intacct Marketplace as part of the deal, the announcement stated.

HighRadius Chief Product Officer Sayid Shabeer said in the announcement that the RadiusOne A/R Suite was is developed to automate administrative AR workflows for medium-sized companies and decrease the friction for vendor AR workforces to digitally work with their purchasers and accounts payable (AP) teams.

“This partnership allows Sage Intacct customers to unleash their full potential by integrating with market-leading accounts receivable automation solutions from HighRadius,” Shabeer said in the announcement.

RadiusOne A/R provides a credit risk app, cash reconciliation app, and eInvoicing and collections app to help medium-sized companies harness AR automation technology to surmount their largest hurdles in making the most of their working capital, according to the announcement.

The product fits in with the finance digital transformation plans of medium-sized companies as they seek in-depth AR technologies to track the risk of their complete client portfolios and conduct effective collections, according to the announcement.

Melody Williams, Sage’s head of Business Development for Sage Intacct, said in the announcement that the AR workflow for a number of medium-sized firms can be monotonous and non-automated in addition to taking a lengthy amount of time.

“HighRadius shares our goal of streamlining and automating financial processes for our customers,” she said in the announcement. “This integrated solution will help our joint customers reduce errors and free their finance team to do more value-added tasks to help grow the business.”

In November, expensemanager, an Australian cloud expense and software company, teamed with Sage Intacct to provide cloud knowledge and invoice management on the Intacct Marketplace. And, in October, MineralTree added automated purchase order and invoice matching for Sage Intacct.