HighRadius, a leading provider of Autonomous Finance software, has announced the launch of their B2B payments platform that aims to improve payment processes across over 100 global payment methods. The comprehensive platform consists of three essential products: Payment Gateway, Surcharge Management, and Interchange Fee Optimizer, all seamlessly integrated to enhance financial efficiency.
With the increasing demand for cost-effective B2B payment solutions, HighRadius has transformed its payment gateway into a standalone platform that supports more than 150 currencies from various digital commerce channels such as e-commerce and order management platforms. This shift addresses the challenges posed by regional payment methods and the high cost of processing credit cards.
One key feature of the B2B payments platform is the Interchange Fee Optimizer module, which automatically populates missing data to ensure the lowest possible interchange fees. By adhering to pre-configured rules, the module optimizes the interchange fee, which companies typically pay to processors, thus reducing credit card processing costs.
Additionally, HighRadius has introduced a Surcharge Management module that allows companies to pass on interchange fees to buyers through legally permissible surcharging. This real-time module validates the applicability of surcharges and ensures compliance with regional regulations.
Sayid Shabeer, Chief Product Officer of HighRadius, emphasized the importance of offering a seamless and cost-effective payment experience for customers. The goal is to reduce credit card processing costs through PCI-compliant payment solutions across all digital channels, and the Interchange Fee Optimizer plays a crucial role in achieving this objective.
HighRadius’s B2B payments platform is set to improve payment efficiency, reduce costs, and enhance the overall customer experience for businesses worldwide.
About HighRadius Corporation:
HighRadius offers cloud-based autonomous software for the office of the CFO, providing modern digital transformation capabilities, such as artificial intelligence and robotic process automation. With more than 800 leading companies utilizing their software, HighRadius has demonstrated its effectiveness in transforming order-to-cash, treasury, and record-to-report processes.
HighRadius Corporation operates in the software industry, specifically in the field of Autonomous Finance. Their cloud-based software offers digital transformation capabilities to the office of the CFO, including artificial intelligence and robotic process automation. The company has a proven track record, with over 800 leading companies utilizing their software.
In terms of market forecasts, the demand for cost-effective B2B payment solutions is on the rise. Businesses are seeking efficient payment processes that can support a wide range of global payment methods. HighRadius has recognized this trend and has launched their B2B payments platform to cater to this need. This comprehensive platform consists of three essential products: Payment Gateway, Surcharge Management, and Interchange Fee Optimizer.
The Payment Gateway is a standalone platform that supports over 150 currencies from various digital commerce channels, such as e-commerce and order management platforms. This addresses the challenges posed by regional payment methods and the high cost of processing credit cards.
The Interchange Fee Optimizer module is a key feature of the B2B payments platform. It automatically populates missing data to ensure the lowest possible interchange fees, which companies typically pay to processors. By adhering to pre-configured rules, this module optimizes the interchange fee and helps reduce credit card processing costs.
HighRadius has also introduced a Surcharge Management module, which allows companies to pass on interchange fees to buyers through legally permissible surcharging. This module validates the applicability of surcharges in real-time and ensures compliance with regional regulations.
The industry related to B2B payments and financial software is growing rapidly, as businesses seek to streamline their payment processes and reduce costs. Companies like HighRadius are at the forefront of providing innovative solutions to meet these demands.
For more information about HighRadius Corporation and their B2B payments platform, you can visit their website here. This will provide you with detailed insights into their products and services.
Overall, HighRadius’s B2B payments platform is set to improve payment efficiency, reduce costs, and enhance the overall customer experience for businesses worldwide. With their expertise in Autonomous Finance and their commitment to providing seamless and cost-effective payment solutions, HighRadius is well-positioned to meet the evolving needs of the industry.