In Reference Appointments & Updates
HighRadius, a fintech enterprise Software- as-a-Service (SaaS) company specializing in automating the order to cash and treasury management processes, today announced that IDC has named the company as a leader in both the Enterprise and the Mid- Market editions of the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Receivable Automation Applications 2020-2021 Vendor Assessments. The IDC MarketScape methodology is a
rigorous review of a broad set of widely deployed vendors in the SaaS and Cloud- Enabled Accounts Receivable Automation Software space based on capabilities and strategy around innovation, range of services, AI-based automation, buyer/ supplier collaboration, partner ecosystem, experience, and architecture. “We have been the Order to Cash
platform of choice for the world’s largest enterprises for the last several years. With an integrated SaaS platform deployed over a single code-base, each of our 200+ Fortune
Together’s Sundeep Patel is stepping up to become the specialist lender’s new director of sales as part of a restructure of its intermediary team. Sundeep, who has been with the finance company
since 2018, will start his new role this week and takes responsibility for an experienced team to build further opportunities with the specialist lender’s key partners. Sundeep has been instrumental in raising the company’s
brand profile to brokers and specialist distributers, particularly in London, creating and implementing the business’s intermediary relations strategy. He said: “I am personally delighted to have been recognised for my efforts
Sundeep Patel
since joining Together two years ago. It will be something of a fresh start following the disruption within the industry because of Covid, and I am looking forward to growing the business based on prudent lending, strong relationships and providing great outcomes for the key partners we work with.”
1000 clients gets the latest and greatest functionality rapidly, unlike traditional, on-premise software with releases and expensive upgrades. HighRadius’ technology stack is built on a robust framework of microservices. This enables us to make a
The Financial Conduct Authority (FCA) has published updated final guidance, confirming an initial proposal, that as a last resort, consumer credit lenders would once again be able to terminate regulated agreements and repossess goods and vehicles. The change takes effect from 31 January 2021. While the ban, which was introduced on 27 April last
year, will have created some backlog of cases. MotoNovo Finance COO Dave Briggs is clear that he does not expect the re-entry of repossessions into the remarketing channel to have a pronounced impact on vehicle values, noting; “Repossessing a car is always a last resort and the volume of cases involved are unlikely to be anywhere near those that are often implied by media articles assessing car finance. “The reality is that we see more people voluntarily terminating their
Dave Briggs
agreement than us moving to repossession. These voluntarily terminated cars and other end of contract cars have continued to be made available through remarketing channels throughout the pandemic.” Even though the pandemic has seen a significant number of people benefitting
from forbearance measures offered by finance companies, the incidence of repossessions here is likely to be limited. MotoNovo has seen that many have returned to full repayments or to terms adjusted to create an affordable plan that they are maintaining. The reintroduction of repossessions for goods and vehicles reflects FCA
concern that extending the current ban could see people owing more in the long term if repossessions are prevented as car values follow their natural depreciation route and as outstanding interest continues to accrue.
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www.CCRMagazine.com
subset of our enterprise-grade functionality available for small and mid-sized businesses (SMBs) and have them up and running in under four weeks,” said Sashi Narahari, Founder and CEO of HighRadius. “In the old paradigm, software companies had to make a bet on either serving the enterprise market or the SMB market. You could either be a monolithic ERP software or a basic SMB accounting package. Modern software companies like HighRadius are completely changing the game by delivering their software via a consumption-based model. A large enterprise can roll-out the entire platform to 100+ countries in under a year while an SMB can get a simple application up and running quickly and can activate more functionality as they grow.” The IDC report notes, “HighRadius
Accounts Receivable products are infused with machine learning at multiple points including matching payments to invoices, assigning credit limits and creating and maintaining cash forecasts.” “The HighRadius Integrated Receivables
Platform can handle global complexity in order to cash processes; multi-language, multi-geo business units, and ERP landscapes, while the RadiusOne A/R Suite for Midsized Businesses offers real- time credit risk monitoring with built-in credit data for proactive risk mitigation and enables faster customer onboarding and credit reviews, with online-application and automated credit scoring.”
February 2021
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