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HighRadius is launching a B2B funds platform.
The brand new platform could have three foremost elements to assist companies decrease prices: Fee Gateway, Surcharge Administration, and Interchange Payment Optimizer.
HighRadius has greater than 800 shoppers, 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 software will assist HighRadius shoppers facilitate international funds for his or her finish customers.
HighRadius’ B2B funds platform, which goals to enhance fee processes throughout 100+ international fee strategies, is comprised of three foremost merchandise. Every product is obtainable in HighRadius’ single, standalone platform that may assist corporations make it simpler for his or her prospects 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 cheaper B2B fee answer. Surcharge Administration helps corporations validate surcharge applicability and go on interchange charges to their patrons. The answer simplifies issues for shoppers by robotically abiding by regional rules, which range by state and card model. Lastly, Interchange Payment Optimizer will robotically populate any lacking knowledge and can make sure the fee adheres to pre-configured guidelines with a purpose to confirm that the shopper receives the bottom doable interchange charges.
“Funds are a important a part of a buyer’s digital expertise, and 70% of organizations aren’t happy with the shopper expertise they provide,” stated HighRadius Chief Product Officer Sayid Shabeer. “Our aim is to scale back bank card processing prices by way of PCI-compliant fee options throughout all digital channels. The Interchange Payment Optimizer will guarantee prospects provide this on the lowest doable price.”
Texas-based HighRadius was based in 2006 and counts 800+ shoppers, 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 Sequence B funding. Sashi Narahari is CEO.
Photograph by Frans van Heerden
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