HighRadius is launching a B2B funds platform.
The brand new platform may have three foremost parts to assist companies decrease prices: Fee Gateway, Surcharge Administration, and Interchange Payment Optimizer.
HighRadius has greater than 800 purchasers, together with 3M, Unilever, Anheuser-Busch InBev, and others.
Treasury Administration software program firm HighRadius introduced plans late final week to launch a B2B funds platform. The brand new device will assist HighRadius purchasers facilitate world funds for his or her finish customers.
HighRadius’ B2B funds platform, which goals to enhance fee processes throughout 100+ world fee strategies, is comprised of three foremost merchandise. Every product is accessible in HighRadius’ single, standalone platform that can assist firms make it simpler for his or her clients to disburse funds globally.
The primary product, Fee Gateway, helps greater than 150 currencies from eCommerce, order administration, and different digital commerce channels, making a more cost effective B2B fee resolution. Surcharge Administration helps firms validate surcharge applicability and cross on interchange charges to their patrons. The answer simplifies issues for purchasers by mechanically abiding by regional rules, which range by state and card model. Lastly, Interchange Payment Optimizer will mechanically populate any lacking information and can make sure the fee adheres to pre-configured guidelines with the intention to confirm that the shopper receives the bottom attainable interchange charges.
“Funds are a vital a part of a buyer’s digital expertise, and 70% of organizations will not be glad with the shopper expertise they provide,” mentioned HighRadius Chief Product Officer Sayid Shabeer. “Our purpose is to cut back bank card processing prices by means of PCI-compliant fee options throughout all digital channels. The Interchange Payment Optimizer will guarantee clients supply this on the lowest attainable value.”
Texas-based HighRadius was based in 2006 and counts 800+ purchasers, together with 3M, Unilever, Anheuser-Busch InBev, Sanofi, Engie GBS Options, Kellogg Firm, Danone, and Hershey’s. The corporate earned unicorn standing in 2020 when it raised $125 million in Collection B funding. Sashi Narahari is CEO.
Photograph by Frans van Heerden
