What is Autonomous Finance?

Autonomous Finance is a next-gen finance platform that continuously learns from your ever-changing finance and accounting transaction data. It predicts business outcomes through proactive decision-making for improved working capital impact, enhanced customer experience, and accurate cash forecasting

Difference between Automation and Autonomous

Automation refers to the use of technology to perform tasks that were previously done manually. On the other hand, Autonomous systems is able to make decisions and take actions on their own, without human intervention.

Path to Achieve Autonomous Finance with HighRadius

The HighRadius Autonomous Finance platform is currently available for three key areas of the Office of the CFO

Order To Cash

Transform the Order to Cash process with HighRadius to create working capital impact, lower DSO and increase efficiency.

Treasury & Risk

Automate cash management and use AI to forecast cash, reduce risk, and allocate cash efficiently to transform the Treasury function.

Record to Report

Automate account reconciliation and anomaly detection to achieve day zero financial close and gain real-time visibility into financial data.

Benefits of Autonomous Finance for Finance Leaders

By leveraging advanced technologies such as AI and machine learning, autonomous finance solution automates and streamlines finance processes

Faster Cash Conversion

HighRadius Autonomous Finance solution help in better cash flow management and improving working capital by automating Order-to-Cash process, accelerating cash conversion and reducing DSO

Accurate Cash Forecasting

Autonomous Finance software can provide accurate cash forecasting and risk management capabilities; helping CFOs and Treasurers to optimize cash positions and reduce financial risk

Real-time Access to Finance Data

Autonomous Finance software offers real-time data insights and reporting, helping Finance leaders gain better visibility into financial performance to make more informed decisions

Increased Efficiency and Productivity

Autonomous Finance solution reduces manual repetitive tasks and errors, freeing up Finance team to focus on strategic tasks, leading to optimization of finance operations

Improved Compliance and Auditability

Autonomous Finance software ensures compliance with accounting standards and regulations, reducing the risk of errors and penalties, leading to improved auditability and financial transparency