HighRadius, a fintech enterprise Software-as-a-Service (SaaS) company specializing in automating the order-to-cash and treasury management processes, announced a partnership with Confirmation, now part of Thomson Reuters, a leading online provider of bank reference automation. This partnership allows credit managers using the HighRadius Online Credit Application to connect with Confirmation’s existing global network of over 1,000 banks, including 50 of the top 100.
“This partnership will allow us to expand our credit inquiry solution to new markets”
“Integrating Confirmation’s bank reference technology into the HighRadius Credit Cloud enables HighRadius to automate the credit process for online credit applications,” says Sayid Shabeer, Chief Product Officer at HighRadius. “I’m excited about the positive impact this partnership brings to the market.”
Business credit managers use Confirmation to drive efficiency, increase automation and improve accuracy in processing bank reference requests. Additionally, Confirmation allows business credit managers to standardize requests and archive responses electronically, while allowing financial institutions to comply with regulatory standards and increase productivity.
“This partnership will allow us to expand our credit inquiry solution to new markets,” said Mark Portanova, Vice President of Sales for the Americas. “We will enhance workflows, reporting capabilities and client authorization processes within the HighRadius platform. These measures will progress the traditionally slow, manual and time-consuming credit approval processes, enabling the use of Online Credit Applications as an expedited solution.”
As both companies continue to explore and innovate new ways to automate the credit process, this integration offers enormous benefits to their mutual customers and marks an important development for the broader credit management software market.