NACM Preferred Partner HighRadius brings the power of industry credit reports directly into credit management to automate manual work, streamlines processes and reduce risk.
Columbia, MD: May 8, 2014â€”HighRadius Corporation, a leading provider of financial supply chain management (FSCM) solutions, and the National Association of Credit Management (NACM), a leading resource for credit and financial management information and education, are proud to announce the completion and go-live of HighRadiusâ€™ extensive integration of NACMâ€™s commercial credit reporting services.
This innovative integration automatically parses incoming NACM data and pulls it directly into credit workflows, allowing members to isolate, weigh, score, track and trend virtually any variable they require. No longer is the member looking at a simple credit report, rather, they are leveraging the collective experience of their fellow NACM members within their industry group, across the United States and in growing numbers internationally. Key integration functionality includes account monitoring, alerts, batch processing of credit scores, full reports and, most recently, data reporting to NACMâ€™s National Trade Credit Report (NTCR).
â€śHighRadius raised the bar with the wide array of information our members can obtain through automation and use to directly drive their credit management activities,â€ť said Bill Meeker, Chairman and CEO of NACM Tampa, Inc. â€śThe deep integration with HighRadiusâ€™ configurable products reduces not only the time and cost of incorporating NACM information into credit workflows, but also the resources needed to share data with the National Trade Credit Report database.â€ť
A longtime NACM Tampa member and early HighRadius adopter, Tech Data Corporation, was the driving force behind these enhancements, driving the integration beyond typical standards. HighRadius also developed a call-out module for Tech Data that easily retrieves data and images from NACM to feed the companyâ€™s SAP risk management system. According to Scott R. Tillesen, CCE, CICP, Vice President, Credit & Customer Care, The Americas at Tech Data, â€śThe efforts of HighRadius helped streamline our approach to gathering agency data for both automated and manual risk analyses.â€ť
â€śBusinesses are spending too much time manually collecting the various pieces of information they need to make decisions such as credit reports, financials and historic data. These low-value activities introduce delays and increase exposure to risk. Our partnership with a market-leading credit data provider, such as NACM, is a great complement to our ability to eliminate low-value manual tasks and focus resources on making critical decisions and reducing risk. This focus is key to strengthening our leadership in credit management and automation,â€ť said Sashi Narahari, CEO and President of HighRadius.
To learn more, join us at NACMâ€™s 118th Credit Congress and Exposition from June 8-11 at the Rosen Shingle Creek Resort in Orlando, FL where MaryAnn Blackmore, Sr. Manager of Advanced Debt Recovery at Tech Data Corporation, and HighRadius will showcase how automation has drastically improved Tech Dataâ€™s credit application processing and reviews in the conferenceâ€™s Executive Exchange session on technology.
HighRadius improves corporate receivables results by modernizing and streamlining accounts receivables operations. The companyâ€™s cloud-based solutions for managing credit, cash application, customer deductions, and collections and certified solutions and services for SAP Receivables Management are trusted by some of worldâ€™s most recognizable brand names. Founded in 2006, HighRadius is based in Houston, Texas and is consistently named one of the cityâ€™s fastest growing technology companies. For more information, please visit www.highradius.com.
Contact: Tara Gallagher
ABOUT NACM TAMPA
NACM Tampa, an employee-owned (ESOP) affiliate of the National Association of Credit Management, provides fully automated commercial credit products and services to its members and the 30+ industry trade groups across the US. An early adopter of technology, NACM Tampa developed a highly customized software system of which 22 NACM affiliates utilize today to manage and maintain 700+ industry trade groups spanning the US and 119 countries. Known for constant innovation and consistent top performance among NACM affiliates, NACM Tampa has been voted one of Tampaâ€™s Best Places to work numerous times over the last ten years. www.nacmtampa.com
ABOUT THE NATIONAL ASSOCIATION OF CREDIT MANAGEMENT
NACM, headquartered in Columbia, Maryland, supports more than 15,000 business credit and financial professionals worldwide with premier industry services, tools and information. NACM and its network of affiliated associations are the leading resource for credit and financial management information, education, products and services designed to improve the management of business credit and accounts receivable. NACMâ€™s collective voice has influenced federal legislative policy results concerning commercial business and trade credit to our nationâ€™s policy makers for more than 100 years, and continues to play an active part in legislative issues pertaining to business credit and corporate bankruptcy. NACMâ€™s annual 118th Credit Congress & Exposition is the largest gathering of credit professionals in the world. Media is welcome. Contact Dan LaRusso at 410-740-5560 or email@example.com for more information.
Launched in 2011, the National Trade Credit Report (NTCR) is comprised of NACM affiliatesâ€™ local and regional databases. NACMâ€™s Preferred Partner Program helps NACM members easily participate in the NTCR initiative through the software they use on a daily basis. Visit www.tradecreditreport.com/index.php/preferred-partners for more information.
Contact: Michelle Herman, Business Development, NACM National Database Team
Source: National Association of Credit Management