HighRadius and Riveron Partner on Finance Modernization

Artificial intelligence-fueled cash and treasury management software platform HighRadius announced on Monday (Oct. 18) it is teaming up with business advisory firm Riveron to improve automation for businesses.

RadiusOne AR suite, a new turnkey accounts receivable (AR) transformation platform by HighRadius, brings the power of enterprise-leading AI-powered solutions to growing businesses. With streamlined user experience and rapid time-to-value, RadiusOne AR offers its eInvoicing & Collections App, Cash Reconciliation App, and Credit Risk App to help businesses leverage accounts receivable automation technology to overcome their biggest challenges in working capital optimization.

“Riveron is proud of our partnership with HighRadius, which aligns to our strategy of modernizing finance and our approach anchored to business processes,” said Brent Fisher, who leads Riveron’s technology enablement practice, in the joint announcement.

“The alliance offers our clients a combined value allowing them to address complex business needs and transform finance and accounting organizations using technology,” Fisher said. “We look forward to helping clients identify ways they can improve their business processes through this important ongoing partnership.”

Riveron offers its industry, finance and technology clients guidance on strategic direction and implementation to help corporate finance and accounting firms enhance data analysis and automation.

“RadiusOne AR Suite is built to automate clerical AR processes for mid-sized businesses and reduce the friction for supplier AR teams to digitally collaborate with their buyers and AP teams,” said Alex Vertiz, VP Channels, Mid Market at HighRadius. “This partnership allows Riveron’s customers to unleash their full potential by integrating with market-leading accounts receivable automation solutions from HighRadius.”

Related: HighRadius Raises $300 Million For AI Treasury Solutions

In March, HighRadius announced it raised $300 million in a Series C funding round, valuing the company at $3.1 billion that it planned to use for product innovation as well as boosting the global go-to-market reach, the release stated.

D1 Capital and Tiger Global led the March funding round with participation from existing investors ICONIQ Growth and Susquehanna Growth Equity. Snowflake Chairman and CEO Frank Slootman, Snowflake Chief Financial Officer (CFO) Michael Scarpelli, Procore Technologies CEO Tooey Courtemanche and Airtable Co-Founder and CEO Howie Liu also participated in the fundraising.