EY US is partnering with HighRadius to modernize companies’ order-to-cash and treasury processes.

Order-to-cash is the accounting term for charging customers after they purchase a product or service. That sounds simple, and it is for small businesses, but charging customers can be highly complicated in the world of large multinational corporations.

Because the order-to-cash workflow is so complicated, companies make an effort to simplify it for their accountants. One way they do so is by buying specialized software products that automate the most demanding aspects of the task.

HighRadius, the company with which EY has partnered, sells one of the most popular quote-to-cash automation products on the market. It’s sold under the name Autonomous Software.

The product is used by more than 800 of the world’s biggest companies. They include multinational consumer brands like Uber and Hershey’s, to name a few customers. 

For a large company, adopting a new application like HighRadius’ Autonomous Software is an expensive and highly technical process. That’s the reason HighRadius is partnering with EY, which will give companies a hand with implementing the Autonomous Software platform.

There are several reasons why a company might choose EY to manage such a software implementation project.

Many tech consultancies specialize in setting up new software for companies. Unlike most of those consultancies, EY not only has technical know-how but also extensive experience in the accounting field, including the order-to-cash space that represents HighRadius’ main specialty. 

HighRadius’ Autonomous Software not only automates order-to-cash tasks but also helps companies with treasury management. This is the part of accountants’ work that involves managing the cash their companies have on balance.

EY has experience in that area as well. That’s because it’s one of the accounting sector’s Big Four firms, the four companies that lead the market in terms of revenue and headcount.

“With the advent of AI and ML as central optimization drivers and customers’ pressing need for timely and accurate management of working capital and liquidity, this alliance with HighRadius is an important complement to the EY technology capabilities,” commented Andres Leguizamon, the EY executive in charge of the partnership with HighRadius.

HighRadius joins a long list of business software vendors that have partnered with EY to support their customers. Those vendors include some of HighRadius’ competitors, which gave it another strong reason to partner with the Big Four consultancy. 

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