HighRadius Expands its Reach with Acquisition of Cforia Software

HighRadius, a leader in Autonomous Finance software, has recently acquired Cforia Software, a provider of Billing and Collections automation software. This strategic move brings additional capabilities and a diverse set of clients to HighRadius, bolstering its position in the market.

With over 20 years of history, Cforia has built a strong reputation as a trusted solution provider in the industry. The acquisition of Cforia allows HighRadius to offer a more comprehensive suite of solutions to its customers, while also expanding its global presence with over 100 new clients.

The integration of Cforia’s technology into HighRadius’ Autonomous Finance Platform will provide customers with enhanced automation and efficiency in their Order-to-Cash processes. This will result in improved cash flow, reduced days sales outstanding (DSO), and optimized working capital for businesses across various industries.

“We are excited to welcome Cforia customers to the HighRadius family,” said Urvish Vashi, Chief Operating Officer of HighRadius. “By combining our resources and expertise, we will be able to provide even greater support and value to their operations.”

HighRadius’ Autonomous Finance software leverages cutting-edge technologies such as artificial intelligence, robotic process automation, and natural language processing to automate and optimize financial processes. This enables companies to achieve measurable business outcomes in a short period of time, including reduced bad debt, improved month-end close timelines, and increased productivity.

With the acquisition of Cforia Software, HighRadius continues to strengthen its position as a leader in the finance technology space. By offering a full suite of Autonomous Finance solutions, HighRadius is empowering businesses to transform their finance and accounting operations and drive better business results.

For more information about HighRadius and its Autonomous Finance Platform, please visit their website at www.highradius.com.

FAQ Section:

1. What is the recent acquisition made by HighRadius?
HighRadius has recently acquired Cforia Software, a provider of Billing and Collections automation software.

2. What are the benefits of this acquisition for HighRadius?
The acquisition of Cforia brings additional capabilities and a diverse set of clients to HighRadius, bolstering its position in the market. It also allows HighRadius to offer a more comprehensive suite of solutions to its customers and expand its global presence with over 100 new clients.

3. How will the integration of Cforia’s technology benefit customers?
The integration of Cforia’s technology into HighRadius’ Autonomous Finance Platform will provide customers with enhanced automation and efficiency in their Order-to-Cash processes. This will result in improved cash flow, reduced days sales outstanding (DSO), and optimized working capital for businesses across various industries.

4. What technologies does HighRadius’ Autonomous Finance software leverage?
HighRadius’ Autonomous Finance software leverages cutting-edge technologies such as artificial intelligence, robotic process automation, and natural language processing to automate and optimize financial processes.

5. What are the measurable business outcomes that companies can achieve with HighRadius’ software?
Companies using HighRadius’ software can achieve measurable business outcomes in a short period of time, including reduced bad debt, improved month-end close timelines, and increased productivity.

Definitions:

1. Autonomous Finance: Refers to the use of advanced technologies such as artificial intelligence, robotic process automation, and machine learning to automate and optimize financial processes.

2. Order-to-Cash: Refers to the entire process, from the moment a customer places an order to the moment that payment is received and accounted for.

3. Days Sales Outstanding (DSO): A key metric that measures the average number of days it takes for a company to collect payment after a sale has been made.

Suggested related links:

1. HighRadius website