o9 Solutions and HighRadius Partner to Streamline Trade Promotion Planning and Settlement

General News

Summary

This partnership leverages deduction management capabilities of HighRadius® Integrated Receivables platform and o9’s commercial planning solution to enable customers to improve cash flows, financial performance, and channel relationships through fewer write-offs, accelerated collections, better customer communications and reduced overhead involved in managing deductions and trade promotions. “HighRadius has a large and growing client list that are planning and executing complex trade promotions management schemes in industries like CPG, food and beverage and apparel,” said Sashi Narahari, founder and CEO of HighRadius. Partnering with o9 will enable our clients to reduce the management costs and improve yield from their investment in trade promotions.” The partnership is a natural extension of market trends around the further digitization and adoption of AI of core finance functions. HighRadius solutions have a proven track record of optimizing cash flow, reducing days sales outstanding (DSO) and bad debt, and increasing operational efficiency so that companies may achieve strong ROI in just a few months. Bringing together technology innovations — such as graph-based enterprise modeling, big data analytics, advanced algorithms for scenario planning, collaborative portals, easy-to-use interfaces and cloud-based delivery — into one platform, o9 empowers organizations with superior visibility and insights that are both predictive and prescriptive.

Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

AskAI Classifications

Labels
SaaS Financial Automation Software ERP Software

Linked Companies

HighRadius
$100M to $250M