HighRadius, the leading provider of cloud-based autonomous software for the office of the CFO, announced the acquisition of Cforia Software, a leading provider of billing and collections automation software, on February 2nd, 2024.
The acquisition will enhance HighRadius’ capabilities in order-to-cash, treasury, and record-to-report processes, and bring a diverse set of clients from various industries. HighRadius is committed to providing the highest levels of service to Cforia customers, who will benefit from the data-driven and AI-powered features of HighRadius’ Autonomous platform.
“We would like to welcome Cforia customers to the HighRadius family. This combination allows us to bring more resources and support to their operations,” said Urvish Vashi, Chief Operating Officer of HighRadius.
HighRadius serves more than 800 leading companies, including 3M, Unilever, Anheuser-Busch InBev, Sanofi, and Hershey’s, with its autonomous software that continuously adapts to the ever-changing domain transactional data. HighRadius’ Autonomous platform delivers measurable business outcomes such as DSO reduction, working capital optimization, bad-debt reduction, reduced month-end close timelines, and improved productivity in under six months.
Cforia Software, founded in 2001, is a global enterprise solutions provider that offers industry leading working capital and accounts receivable automation software. Cforia’s automated order-to-cash platform simplifies B2B interactions and drives better business results for its clients.
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