Electronic Invoice Presentment and Payment
HighRadius Electronic Invoice Presentment and Payment (EIPP) Cloud provides tools that automate and speed up invoice communication and facilitate a faster collection of payments, enabling a closer and more convenient relationship with customers. A cloud-based solution available as Software-as-a-Service, EIPP cloud is easy and cost-effective to deploy and maintain.
HighRadius EIPP Cloud automates the invoice transmission and payment collection. The system provides a configurable solution that supports multiple invoice formats and different modes of transmission (fax, email, portal, etc.) depending on the targeted customer. Integration with ERP systems and a rich search capability enables efficient storage and retrieval of past invoices. A customer portal provides for quick and easy payment of outstanding invoices by integrating credit card payments. Finally, supporting delivery documentation (PODs, BOLs, etc.) can be pulled in and shown with each invoice to minimize disputes. The result is faster invoicing and payment collection, better customer service and improved profitability and cash flow.
HighRadius Cash Application Cloud is the most comprehensive solution available for automating cash application across all payment and remittance formats. Driven by customer-specific business rules, automated on-invoice hit rates of 95%+ are typical with the solution. A cloud-based solution available as Software-as-a-Service, Cash Application Cloud is easy and cost-effective to deploy and maintain.
HighRadius Cash Application Cloud enables end-to-end automation of the cash application process. Other solutions address single parts of the process but do not provide a comprehensive approach. Our solution is holistic and does not require complex and costly on-premise installation or capital expenditure. A powerful rules engine matches patterns and cleanses data. A unique data aggregation engine parses email attachments and web portals, eliminating manual capture of remittance data and deduction backup. Easy integration with any ERP system maintains user interaction with standard ERP cash posting. The result is drastically reduced operating costs, near-perfect on-invoice hit rates, and better audit compliance.
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