HighRadius
Headquarters
Houston, TXFounded
2006CEO / Founder
Sashi NarahariEmployees
1001-5000Funding
Series C — $475MProducts
1 product listedAvg. AI Score
7.2/10Website
highradius.com/
Profile updated
About HighRadius
HighRadius was founded in 2006 by Sashi Narahari and is headquartered in Houston, Texas. The company develops software that automates finance and accounting functions, primarily focused on order-to-cash, treasury, and record-to-report processes for corporate finance teams.
Its core product, the Integrated Receivables platform, includes modules for credit management, collections, cash application, deduction management, and electronic invoicing, aimed at reducing days sales outstanding (DSO) and improving working capital. HighRadius markets its software to large and mid-sized enterprises across industries and competes with vendors such as SAP, Oracle, and other fintech automation providers.
HighRadius has raised funding from investors including ICONIQ Capital, Susquehanna Growth Equity, and Citi Ventures, reaching unicorn status after a Series C round in 2020. The company has grown through acquisitions of smaller software firms to expand its product suite and employs several thousand people across offices in the United States, India, and other countries.
Specialties
Financials
Dated, source-cited figures. Estimates are marked.
Products by HighRadius
All products by HighRadius reviewed by our AI panel of experts.
How Our Review Panel Scores HighRadius
Six independent reviewer personalities assessed HighRadius's product on their own terms. They disagreed by 1.5 points — The Finance Lead was the hardest to convince, The Domain Strategist the most positive.
Averaged across 1 reviewed product in our catalog. Scores are out of 10.
Competitive Landscape
Who HighRadius competes with, and how they differ.
The closest enterprise overlap: BlackLine sells record-to-report and financial close automation to the same large-cap CFO buyer, and its Rimilia acquisition put it directly into AI cash application against HighRadius' core order-to-cash suite. BlackLine is public and close-first with AR bolted on; HighRadius is private and AR-first with close bolted on.
1 product reviewed on TopReviewedThe nearest pure-play order-to-cash rival — invoicing, payments and cash application for large B2B billers, and a perennial co-entrant with HighRadius in the IDC MarketScape for AR automation. Billtrust stays inside invoice-to-cash and monetises payment flow through its Business Payments Network, where HighRadius sells a wider Office-of-the-CFO stack spanning treasury and record-to-report.
Competes on AR/AP automation but from the opposite end of the market: self-serve, ERP-light onboarding for SMBs and mid-market accounting firms, priced per user per month. HighRadius runs multi-month enterprise implementations on top of SAP and Oracle ERPs for Global 2000 finance shared-service centres.
1 product reviewed on TopReviewed
Overlaps HighRadius' newer accounts payable and B2B payments suites — global mass payouts, supplier onboarding and tax compliance across 190+ countries. Tipalti has no receivables, collections, credit or treasury product, so it competes on the payables half of the platform only.
1 product reviewed on TopReviewedCompetes with the HighRadius record-to-report suite on close management, reconciliations and controls. FloQast is built around the accountant's existing Excel and ERP workflow as a checklist-and-workflow layer; HighRadius pitches the same close as agent-run automation targeting 90%+ touchless processing.
1 product reviewed on TopReviewedCompany Timeline
Key milestones in HighRadius's history, with sources.
- Launch
Launches outcome-based pricing for Office-of-the-CFO software
HighRadius moved to $0 implementation fees and $0 subscription fees until go-live, taking a share of the savings a customer actually realises instead. The company cited 1,500+ enterprise customers and 190+ AI agents.
highradius.com - Milestone
Sets 2027 target for a fully autonomous finance platform
At its Radiance conference HighRadius said 186 AI agents were generally available across six product suites and 20 products, with Cash Application and Cash Forecasting already 90%+ touchless, and committed to full autonomy across the portfolio by 2027.
highradius.com - Launch
Launches B2B Payments platform supporting 150 currencies
Extended the platform past receivables into payment acceptance and disbursement for corporate finance teams, adding a payment gateway, surcharge management and interchange-fee optimisation.
pymnts.com - Acquisition
Acquires Cforia Software
Cforia, a billing and collections automation vendor with 20+ years of history and more than 100 global customers, was folded into the order-to-cash platform. The transaction closed 2 February 2024; terms were not disclosed.
pymnts.com - Launch
Launches FreedaGPT, generative AI assistant for the Office of the CFO
Public beta pairing an enterprise OpenAI model with HighRadius' financial data for automated email replies, chat-to-analytics reporting and call-to-notes summaries across collections, accounting and treasury.
highradius.com - Funding
Series C — $300M led by D1 Capital and Tiger Global at $3.1B valuation
ICONIQ Growth and Susquehanna Growth Equity re-upped alongside angels including Snowflake CEO Frank Slootman, Procore CEO Tooey Courtemanche and Airtable CEO Howie Liu. HighRadius reported 600+ clients at the time.
highradius.com - Launch
Launches RadiusOne A/R Suite for mid-sized businesses
A packaged mid-market edition with eInvoicing & Collections, Cash Reconciliation and Credit Risk apps, shipped with out-of-box connectors for NetSuite, MS Dynamics, Sage Intacct and Infor.
highradius.com - Funding
Series B — $125M led by ICONIQ Capital at unicorn valuation
The round made HighRadius the first US unicorn of 2020, with participation from existing investors Susquehanna Growth Equity and Citi Ventures. The company cited 400+ clients including 200+ of the Forbes Global 2000.
highradius.com - Launch
Launches Autonomous Finance platform
HighRadius repositioned its receivables and treasury products around "autonomous finance" — software that learns from transaction data to predict outcomes and run order-to-cash and cash-forecasting workflows with minimal human touch.
highradius.com - Funding
Citi Ventures and PNC make strategic investment
Two banks took strategic stakes to push HighRadius' cash-application and B2B payments technology into their corporate client base. Terms were not disclosed.
highradius.com - Funding
Raises $50M growth round from Susquehanna Growth Equity
First outside capital after eleven bootstrapped years. HighRadius said it had grown at a 70% CAGR and was cash-flow positive; Amir Goldman and Ben Weinberg of Susquehanna joined the board.
highradius.com - Founded
Founded in Houston by Sashi Narahari
Sashi Narahari founded HighRadius in 2006, starting with an on-premise accounts receivable product installed on customers' own servers before the 2010 shift to cloud delivery.
highradius.com
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