HighRadius, AI-driven Autonomous Finance software has unveiled a new B2B payments platform designed to drastically cut payment processing fees by up to 90% globally. The platform supports over 100 payment methods and aims to enhance financial efficiency across various industries.
HighRaidus's newly launched platform consists of three key components: Payment Gateway, Surcharge Management, and Interchange Fee Optimizer.
These integrated solutions are crafted to streamline the payment processes and improve transactional efficiencies.
By accommodating 150+ currencies and multiple digital commerce channels, including E-Commerce and Order Management platforms, HighRadius addresses the critical challenges of high credit card processing costs and regional payment methods.
The Interchange Fee Optimizer, a notable innovation within the platform, is engineered to automatically correct and populate missing data in payment transactions.
Given innovation's functionality also ensures companies achieve the lowest possible interchange fees, typically ranging between 1.5% to 3% per transaction.
Furthermore, the Surcharge Management module enables businesses to legally transfer some of the processing fees to the buyer, adhering strictly to varying regional regulations.
HighRadius's real-time operational module helps companies maintain compliance while managing cost transfers efficiently.
"Our new platform revolutionizes the way companies handle their financial transactions by significantly lowering costs and improving global accessibility," said Sayid Shabeer, Chief Product Officer of HighRadius. "With 70% of organizations dissatisfied with their current payment systems, our solution enhances the digital payment experience while adhering to PCI compliance standards," he added.
Conclusion
In summary, HighRadius continues to innovate by merging AI, robotic process automation, natural language processing, and connected workspaces into its offerings.
This approach not only reduces direct costs but also optimizes various financial operations like order-to-cash and record-to-report processes, impacting over 800 major companies worldwide.
