HighRadius excels in automating core financial processes for large enterprises, while SAP S/4HANA Cloud provides a broader, integrated ERP solution suitable for businesses needing a wider range of functionalities.
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HighRadius provides cloud-based software to automate and improve financial processes for large companies, particularly in areas like credit, collections, billing, and treasury. Their software utilizes artificial intelligence and automation to streamline tasks such as risk management, cash application, and invoice processing. HighRadius aims to help businesses improve efficiency, reduce costs, and make better financial decisions.
SAP S/4HANA Cloud is a comprehensive, cloud-based business management software (ERP) designed for businesses of all sizes and industries. It brings together functions like financials, supply chain, and human resources into a single system. With built-in AI and analytics, it aims to provide real-time insights and automation to help your company become more efficient and responsive to change. It can be implemented as a standalone solution or integrated with other SAP products.
Summary
Main difference
HighRadius is a specialized solution for automating financial processes, particularly in credit, collections, billing, and treasury, ideal for larger enterprises needing robust automation in these areas. SAP S/4HANA Cloud offers a broader suite of business management tools, including financials, supply chain, and HR, making it a better fit for businesses seeking an integrated ERP solution.
Relative strengths of HighRadius (compared to SAP S/4HANA Cloud)
Strong focus and advanced features for financial automation, particularly in areas like credit and collections.
AI-powered automation capabilities that streamline tasks and improve efficiency.
Designed for large enterprises with complex financial processes.
Relative weaknesses of HighRadius (compared to SAP S/4HANA Cloud)
Limited scope compared to a full ERP solution like SAP S/4HANA Cloud.
Can be difficult to customize without extensive support.
Reports of slow support response times and occasional system errors.
Who should use HighRadius VS. SAP S/4HANA Cloud
HighRadius offers cloud-based software to automate financial processes, including credit, collections, billing, and treasury, primarily for large enterprises. Users praise the software's user-friendly interface, automated cash application, and comprehensive collections features. However, some users have reported slow support response times and limited reporting customization. HighRadius is a valuable tool for large companies aiming to enhance efficiency and make better financial decisions by streamlining administrative tasks.
SAP S/4HANA Cloud is a robust ERP solution designed for businesses seeking to enhance operational efficiency and gain real-time insights. Users praise its modern interface and comprehensive modules but note the complexity and cost. It's a valuable tool for data-driven decisions, especially for those already within the SAP ecosystem.
Best fit for medium and large enterprises seeking streamlined financial processes.
A good fit for businesses in various sectors, particularly those focused on optimizing their accounts receivable, billing, and treasury functions.
Best fit for small, medium, and large businesses.
Ideal for various sectors, including retail, manufacturing, and professional services.
HighRadius and SAP S/4HANA Cloud features
Supported
Partially supported
Not supported
Type in the name of the feature or in your own words tell us what you need
ERP integration
Supported
HighRadius seamlessly integrates with existing ERP systems for data synchronization and process automation.
Supported
S/4HANA Cloud integrates with existing ERP systems using the SAP Business Technology Platform.
Integration with other systems
Supported
HighRadius integrates with ERP and CRM systems like SAP, Salesforce, Oracle, and NetSuite via APIs and other methods.
Supported
SAP S/4HANA Cloud integrates with other systems using tools like SAP Integration Suite and pre-built packages.
Customer reporting & analytics
Partially supported
HighRadius offers customer reporting via AR analytics, focusing on financial transactions.
Unknown
SAP S/4HANA Cloud's customer reporting capabilities are unclear.
Real-time reporting
Supported
HighRadius offers real-time reporting, especially for financial management.
Supported
S/4HANA Cloud supports real-time reporting via CDS Views and in-memory computing.
Real-time spending insights
Not supported
HighRadius does not directly offer real-time spending insights.
Supported
SAP S/4HANA Cloud offers real-time spending insights, based on its on-premise version.
Comprehensive collections module with robust features.
Helpful and responsive customer success managers.
Streamlines administrative tasks, freeing up time for strategic work.
Real-time analytics and reporting capabilities, enabling faster data-driven decisions.
Modern and intuitive Fiori user interface, improving user experience.
Cloud-based accessibility, offering flexibility and scalability.
Comprehensive suite of modules, covering diverse business functions.
Strong integration with other SAP and non-SAP systems.
Users dislike
Slow support response times, often exceeding initial estimates.
Difficulty customizing the system without extensive support.
Occasional system errors and slow loading times.
Limited reporting customization options.
Complex implementation, often requiring extensive training for users.
Limited customization options, especially in the cloud version.
High cost, particularly for smaller businesses and specific features.
Occasional performance issues, slowdowns, and bugs.
Customer support response times can be inconsistent.
HighRadius and SAP S/4HANA Cloud Ratings
Glassdoor
3.4/5
(3548)
Company health
Employee growth
2% decrease in the last year
No data
Web traffic
26% increase in the last quarter
No data
Financing
December 2020 - $475M
No data
How do HighRadius's specialized financial automation features compare to SAP's broader ERP functionalities?
HighRadius offers specialized functionalities for automating specific financial processes like credit, collections, billing, and treasury, often utilizing AI. SAP, while also offering financial modules, provides a much broader ERP system encompassing a wider range of business functions beyond finance, such as supply chain and HR. While SAP can manage core financial tasks, HighRadius goes deeper into specific financial automation, offering more advanced features and AI-driven insights within its niche. Choosing between them depends on whether a business needs a comprehensive ERP solution or specialized, best-in-class financial automation tools.
Which product better integrates with existing financial systems for seamless data flow?
SAP S/4HANA Cloud better integrates with existing financial systems. Its product description explicitly highlights integration capabilities with other systems, including existing ERP and CRM systems, using tools like SAP Integration Suite and pre-built packages. While HighRadius mentions integration with financial systems for cash reporting, SAP S/4HANA Cloud offers broader and more comprehensive integration options.
What are the advantages of HighRadius?
HighRadius focuses specifically on automating financial processes like credit, collections, billing, and treasury, offering specialized expertise in these areas compared to SAP S/4HANA Cloud's broader ERP approach. Users praise HighRadius's user-friendly interface and automated cash application, highlighting its efficiency gains for specific finance tasks. While both cater to large enterprises, HighRadius might be advantageous for organizations prioritizing deep functionality within financial operations, even with some reported limitations in support responsiveness and customization.
What are the disadvantages of HighRadius?
HighRadius suffers from slow support response times and difficulties in customization. Users also report occasional system errors and slow loading times, along with limited reporting customization options.
Alternatives to HighRadius and SAP S/4HANA Cloud
Multiview ERP
Multiview ERP is a cloud-based accounting and financial management software designed for mid-sized to enterprise-level businesses across various industries. It aims to replace manual processes and spreadsheets with automated workflows, multi-entity financial consolidation, and real-time data analysis. Multiview promises improved accuracy, faster reporting, and time savings for finance teams. Its strengths include robust reporting and customization options, along with strong security measures to protect sensitive financial data.
Serrala provides software to automate financial tasks for businesses of all sizes, although they focus on mid-sized to large companies. Their products help manage invoices, payments, credit, collections, and risk, with a strong emphasis on security and optimizing cash flow. Serrala offers different installation options, including cloud-based and integrated with existing systems like SAP. They are a global company with a strong track record, trusted by many large companies.
Pronto Xi is a comprehensive cloud-based business management software (or ERP) designed for businesses of all sizes. It offers a central hub for managing operations, finances, and reporting. The platform is modular, allowing businesses to scale their software as needed. Pronto Xi stands out with its focus on real-time data analysis and reporting, helping you make informed decisions. It is designed to streamline your processes, improve collaboration, and provide valuable business insights.
Tesorio is a software platform designed to help finance teams manage and predict their cash flow more effectively. It brings together data from various sources, automates tasks like collections and forecasting, and provides insights to improve decision-making. Tesorio aims to reduce outstanding payments, improve efficiency in collections, and provide a clearer picture of your company's financial health. It's particularly well-suited for mid-sized and larger companies.
NetSuite is a popular cloud-based business management software for mid-sized and large companies. It brings together tools for managing finances, customer relationships (CRM), inventory, and online sales. With a focus on automation and data insights, NetSuite helps businesses streamline operations and make informed decisions. It's widely used across various industries, from manufacturing to services, promising better control and growth.
Kolleno is an accounts receivable automation software designed for mid-sized and enterprise businesses. It aims to simplify and automate financial operations, including invoicing, payments, and collections. The platform offers automated payment reminders, multiple payment options, and integrates with popular accounting software. Kolleno boasts a user-friendly interface and promises to reduce manual tasks and improve cash flow.
Michal has worked at startups for many years and writes about topics relating to software selection and IT
management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs
of any business and find solutions to its problems.
TT
Tymon Terlikiewicz
CTO at Gralio
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech
department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX,
HR, Payroll, Marketing automation and various developer tools.
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