App Profile: HighRadius - PayNRemit

HighRadius™ Network is the world’s first network enabling digital collaboration between supplier A/R processes and buyer A/P processes. While credit-to-cash technology provides process level automation, the HighRadius™ Network focuses on filling the gaps in supplier-buyer collaboration created by standalone technology. Built on top of the HighRadius Integrated Receivables platform for credit-to-cash, the network closes gaps in collaboration between buyers and suppliers for processes across credit, billing, collections, payment processing and dispute resolution.
The HighRadius - PayNRemit mobile app enables in settlement of open A/R transactions with incoming payment through various payment methods like Credit Card & Checks.
Key Features:
1. Remote Deposit Capture allows you to scan checks and remittances, and create digital deposits. The digital deposits can then be transmitted to your bank via a secure Internet.

2. Enable companies to accept ACH & credit card payments across multiple origination points natively from their ERP system.

3. Secure tokenization capability via transaction processors and eliminate storage of sensitive transaction information within your environment.

4. The PCI-DSS-compliant solution uses cloud technology to leverage processor tokenization services


Benefits to Suppliers:
1. Seamless payment processing: Integration of payment and remittance information with your ERP ensures straight-through cash application

2. Lower payment processing costs: Simplify e-payments for your customers by enabling integration with their accounting systems