HIGHRADIUS COMPARISON

HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based Autonomous Systems

Their goal is to help companies automate Accounts Receivable and Treasury processes. They partner with 3rd-parties like CyberSouce, First Data, & Chase Bank for payment processing.

Feature	Paystand	Highradius
Credit Card Processing	Modern: Blended, fixed, wholesale rate across all card types. The exact fee is calculated at the time of the transaction, and is locked in by the contract. 2.39% + $0.30/txn	Both a subscription- based and a custom pay-as-you-go model. Accept Virtual cards, credit cards through 3rd-party partners First Data, Cybersource, & Chase Bank. Level-III Processing for Low Interchange Fees. 2.70%-3.2% + $0.10-$0.30/txn
ACH	Direct ACH (Debit or Credit), no two drop verification of login required	Yes, through 3rd-party partners NACHA & Chase Bank (1% ACH fee). Highradius' fees are not stated.
Bank Network	Debit or Credit customer accounts with zero transaction fees ($0 + 0%) and real-time funds verification for fast time-to-cash	N/A
Fee Reconciliation	Journal entries booked to NetSuite automatically as payments occur, with no manual intervention from staff	HighRadius Cash Application Cloud enables the end-to-end automation of the payment reconciliation process that covers remittance aggregation from different sources/formats, payment linking, invoice matching, deduction coding, and posting it to all major ERP software like SAP and Oracle.
Fee Management	Robust, native fee management with thresholds and convenience fees. Fees, even when surcharged, are reconciled at the time of the transaction with proper journal entries automatically updated.	None
Payments Interface	Completely customizable to your brand, with smooth customer experience, modern UI/UX, partial payments, and real-time balance updates.	Requires custom development to brand, modern UI/UX, no real-time payments are posted, to see remaining balance you would have to access AR account.
Required 3rd-Parties	None	Chase Bank, NACHA, Cybersource, & First Data
Click-to-Pay on NetSuite Invoices	Auto-Embedded within new or existing NetSuite templates & workflows	Embedded within new or existing NetSuite templates & workflows
Cash Application	Real Time: payment records written to NetSuite instantly to auto-update balance on invoice	HighRadius Cash Application Software enables the end-to-end automation of the cash application process compatible with any system due to its ERP-agnostic Saas infrastructure.
Bank Deposit Reconciliation	Daily deposit records updated in NetSuite automatically, with no manual intervention from staff (eliminates end of month reconciliation).	Auto-parse and classify electronic bank records into operational and non-operational cash flow categories including A/R, A/P, Payroll, Tax, Treasury and post them into their respective general ledgers for richer reporting and analysis.
Customer Statements	Enable your customers to view and pay multiple invoices/account balance with a few clicks, payment records automatically written to corresponding invoices.	Multiple Invoice Formats: It automates the invoice transmission and payment collection process providing a configurable solution that supports multiple invoice formats.
Automated Payments	Create advanced & automated recurring billing schedules for any required configuration (monthly, quarterly, net terms, installments, usage based, etc) directly within NetSuite environment.	Enables Auto//Recurring billing with ERP integration such as Netsuite.
PCI Compliance	Paystand customers absolved of need to become PCI Compliant: all PCI compliance concerns handled as part of overall product offering.	HighRadius customers must maintain their own PCI Compliance.
Overall ROI	Long term ability to control A/R costs, move to fixed rate, and continue to reduce costs with free bank network—even as revenue grows.	Stuck in legacy card processing model, where costs continue to increase as revenue increases, card networks can announce fee increases periodically. Requires multiple 3rd-party partners for payment.

Feature

Paystand

Highradius

Credit Card Processing

Modern: Blended, fixed, wholesale rate across all card types. The exact fee is calculated at the time of the transaction, and is locked in by the contract.

2.39% + $0.30/txn

Both a subscription- based and a custom pay-as-you-go model. Accept Virtual cards, credit cards through 3rd-party partners First Data, Cybersource, & Chase Bank. Level-III Processing for Low Interchange Fees.

2.70%-3.2% + $0.10-$0.30/txn

ACH

Direct ACH (Debit or Credit), no two drop verification of login required

Yes, through 3rd-party partners NACHA & Chase Bank (1% ACH fee). Highradius' fees are not stated.

Bank Network

Debit or Credit customer accounts with zero transaction fees ($0 + 0%) and real-time funds verification for fast time-to-cash

N/A

Fee Reconciliation

Journal entries booked to NetSuite automatically as payments occur, with no manual intervention from staff

HighRadius Cash Application Cloud enables the end-to-end automation of the payment reconciliation process that covers remittance aggregation from different sources/formats, payment linking, invoice matching, deduction coding, and posting it to all major ERP software like SAP and Oracle.

Fee Management

Robust, native fee management with thresholds and convenience fees. Fees, even when surcharged, are reconciled at the time of the transaction with proper journal entries automatically updated.

None

Payments Interface

Completely customizable to your brand, with smooth customer experience, modern UI/UX, partial payments, and real-time balance updates.

Requires custom development to brand, modern UI/UX, no real-time payments are posted, to see remaining balance you would have to access AR account.

Required 3rd-Parties

None

Chase Bank, NACHA, Cybersource, & First Data

Click-to-Pay on NetSuite Invoices

Auto-Embedded within new or existing NetSuite templates & workflows

Embedded within new or existing NetSuite templates & workflows

Cash Application

Real Time: payment records written to NetSuite instantly to auto-update balance on invoice

HighRadius Cash Application Software enables the end-to-end automation of the cash application process compatible with any system due to its ERP-agnostic Saas infrastructure.

Bank Deposit Reconciliation

Daily deposit records updated in NetSuite automatically, with no manual intervention from staff (eliminates end of month reconciliation).

Auto-parse and classify electronic bank records into operational and non-operational cash flow categories including A/R, A/P, Payroll, Tax, Treasury and post them into their respective general ledgers for richer reporting and analysis.

Customer Statements

Enable your customers to view and pay multiple invoices/account balance with a few clicks, payment records automatically written to corresponding invoices.

Multiple Invoice Formats:

It automates the invoice transmission and payment collection process providing a configurable solution that supports multiple invoice formats.

Automated Payments

Create advanced & automated recurring billing schedules for any required configuration (monthly, quarterly, net terms, installments, usage based, etc) directly within NetSuite environment.

Enables Auto//Recurring billing with ERP integration such as Netsuite.

PCI Compliance

Paystand customers absolved of need to become PCI Compliant: all PCI compliance concerns handled as part of overall product offering.

HighRadius customers must maintain their own PCI Compliance.

Overall ROI

Long term ability to control A/R costs, move to fixed rate, and continue to reduce costs with free bank network—even as revenue grows.

Stuck in legacy card processing model, where costs continue to increase as revenue increases, card networks can announce fee increases periodically. Requires multiple 3rd-party partners for payment.