US-based HighRadius, a developer of artificial intelligence (AI)-powered software for chief financial officers, has established a new office in Paris, France. The branch will bring the company closer to its local customers and provide consulting, sales and marketing services.
In a press release, vice-president Jon Keating commented: “Our data-driven, AI software is helping global enterprises rethink and transform their finance and accounting processes. Our aim will be to deliver improvements in ‘days sales outstanding’ and working capital optimisation, accelerate the financial close and improve productivity in under six months for our new clients in France.”
Since November 2020, the company’s autonomous software platform has processed more than €475bn in finance transactions across Europe. This is more than triple the transaction volume recorded during the previous year. Globally, HighRadius processes more than $2.2trn in finance transactions annually.