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HighRadius Launches Artificial Intelligence-Based Cash Forecasting for Treasurers
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AI-based solution boosts cash forecasting accuracy, makes manual cash
forecasting using spreadsheets obsolete -
New application expands HighRadius’ treasury management solutions
suite, which also includes Cash Management Cloud and Bank
Reconciliation Cloud
HOUSTON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AI?src=hash” target=”_blank”gt;#AIlt;/agt;–HighRadius,
a fintech enterprise Software-as-a-Service (SaaS) company, specializing
in Artificial Intelligence (AI)-based autonomous systems for Accounts
Receivables and Treasury processes, announced its latest offering – AI-Based
Cash Forecasting Cloud. The new solution will enable treasurers to
achieve accurate, real-time cash forecasting without having to manually
collect and transpose data across spreadsheets and various systems.
Built on RivanaTM,
HighRadius’ proven Machine Learning Platform for finance departments,
the solution will enable companies to accurately forecast cash flows
with purpose-built AI algorithms at individual operational categories
including accounts receivable (A/R), accounts payable (A/P), expense and
payroll.
Sashi Narahari, Founder & CEO, HighRadius, explained, “Treasurers have
been demanding a higher degree of cash forecasting accuracy to help them
evolve beyond managing daily funding and low-yield investments, to
making higher yield decisions. We have successfully solved A/R
forecasting with AI by predicting payment dates at an invoice level and
now we’re introducing AI-based, automated, forecasting models for
high-variability cash flow categories including A/R and A/P to enable
the digital transformation of the treasury function.”
HighRadius’ extensive research with treasury leaders across industries
revealed that more than 98% of corporate cash forecasting is performed
using spreadsheets with basic formulas. In addition to being manual and
time consuming, most of these techniques do not incorporate any
statistical modeling on large volumes of data to drive accurate
forecasting. This is crippling corporate treasurers from making
confident short-term and long-term debt and investment decisions.
Trusted by Fortune 500 and Global 2000 companies, HighRadius has a track
record of success deploying AI-driven software solutions used by various
corporate finance professionals, teams and departments. The AI-based
Cash Forecasting Cloud joins HighRadius’ treasury management
applications which also include Cash Management Cloud and Bank
Reconciliation Cloud.
About HighRadius
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company
which leverages Artificial Intelligence-based Autonomous Systems to help
companies automate Accounts Receivable and Treasury processes. The HighRadius®
Integrated Receivables platform reduces cycle times in your
order-to-cash process through automation of receivables and payments
processes across credit, electronic billing and payment processing, cash
application, deductions and collections. HighRadius® Treasury
Management Applications help teams achieve touch-less cash
management, accurate cash forecasting and seamless bank reconciliation.
Powered by the RivanaTM
– the Artificial Intelligence Engine Purpose-Built for Finance and the FreedaTM
Digital Assistant, HighRadius enables teams to leverage machine learning
to predict future outcomes and automate routine labor-intensive tasks.
The radiusOneTM
B2B Collaboration Network allows suppliers to digitally connect with
buyers, closing the loop from supplier receivable processes to buyer
payable processes. HighRadius solutions have a proven track record of
increasing operational efficiency through automation, optimizing cash
flow, reducing days sales outstanding (DSO) and bad debt, so that
companies may achieve strong ROI in just a few months. To learn more,
please visit www.highradius.com.
Contacts
Treble
Sam Tormey
[email protected]
512.960.8222
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Cannabis
Sannabis, Inc. (OTC: USPS) Announces First Shipment of Cannabis Essential Oil from Colombia to U.S. to Fill First Order, as the DEA Re-Classifies Marijuana from Schedule I to Schedule III
Humboldt
Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace
Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia
SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.
The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.
Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.
“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”
Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”
About Humboldt Seed Company
Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.
For more information visit https://humboldtseedcompany.com/.
About Apollo Green
Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics.
For more information visit https://apollogreen.com/.
Media contact
Jaana Prall
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/humboldt-seed-company-partners-with-apollo-green-to-bring-california-cannabis-genetics-to-the-global-marketplace-302131618.html
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