HighRadius and Genpact in AR Automation Joint Venture

HighRadius, the enterprise Software-as-a-service (SaaS) fintech company, and professional services firm Genpact, have entered into a strategic partnership to help companies automate Accounts Receivable (AR) and Treasury processes.

Together, they will offer automated solutions powered by advanced machine learning and Artificial Intelligence (AI).

Katie Stein, Chief Strategy Officer of Genpact, said: “Many enterprises today have been unable to streamline their receivable processes, negatively impacting business operations and profitability.”

“Genpact and HighRadius will solve this challenge by delivering a transformative digital automation solution that enables businesses to maximize their working capital, while enhancing the customer and user experiences,” Stein added.

The companies said they will be working together to innovate the order-to-cash cycle.

Sayid Shabeer, Chief Product Officer at HighRadius, said of the joint venture: ”Enterprises can achieve true ROI from investing in Order-to-Cash only with an integrated receivables platform that leverages Artificial Intelligence to automate clerical work, enable decisions, and focus people on real value creation.”

“This partnership will fundamentally shift accounting departments away from legacy models and toward a turnkey solution that is future-proof, scalable and flexible,” Shabeer added.

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