1. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Solving the Cash Application Conundrum Jay TchakarovLisa Tanner Director of Product ManagementManager Credit & Collections HighRadius CorporationThe Coleman Company

2. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Company Overview Founded in 2006. Headquartered in Houston, Texas Trusted leader in Credit-to-Cash Solutions Cloud-Based Software-as-a-Service Solutions for Receivables Management 2 Founded 2006 HQ in Houston, 200+ employees cloud-based Credit-to-Cash solutions certified SAP solutions & services credit | cash app | deductions | collections | EIPP

3. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential 3

5. Checks EFT’s BAI2 EDI 823

6. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Checks EFT’s BAI2 EDI 823

7. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Checks EFT’s BAI2 EDI 823

8. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Problems Banks data entry is manual, expensive, and error prone On account < on invoice automation Remittance not included with EFTs Remittance provided in multiple ways – Paper – EDI – Email – Web portals 8

9. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Checks EFT’s BAI2 EDI 823

10. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Checks EFT’s BAI2 EDI 823 Remittance Payments

11. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Checks EFT’s BAI2 EDI 823 Remittance Payments

12. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Checks EFT’s BAI2 EDI 823 Remitta nce

13. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential More Problems Lack of standardization in the way customers pay and provide remittance data – EDI, Paper, Email, Web portal Different customers have different formats Customer codes different from your own Lack of ability to accept and process EDI files efficiently Resources spent on low value, manual work 13

14. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Checks EFT’s BAI2 EDI 823 Remittance Payments

15. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Checks EFT’s BAI2 EDI 823 Remittance Payments

16. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential How?

17. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential How?

18. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential

19. Cash Application Automation

20. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Cash Application Automation Invoices are extracted from A/R system

21. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Cash Application Automation Payment information is received from bank instead of going directly into A/R

22. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Cash Application Automation Remittance advice is automatically collected EDI is forwarded directly and processed E-mail is forwarded and attached remittance analyzed Customer portals are accessed for payees and remittance retrieved Paper remittance is scanned into system and data extracted using imaging technology Remittance advice is automatically collected EDI is forwarded directly and processed E-mail is forwarded and attached remittance analyzed Customer portals are accessed for payees and remittance retrieved Paper remittance is scanned into system and data extracted using imaging technology

23. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Cash Application Automation Customer-specific business rules match payments to invoices and format data correctly Leading zeros Characters in invoice number others Customer-specific business rules match payments to invoices and format data correctly Leading zeros Characters in invoice number others

24. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Cash Application Automation Customer-specific deduction rules identify deductions taken on each payment and apply the right reason codes Shortages Pricing Compliance others Customer-specific deduction rules identify deductions taken on each payment and apply the right reason codes Shortages Pricing Compliance others

25. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Cash Application Automation Applied cash and invoices are sent to A/R system where invoices are automatically closed and deductions created

26. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential Cash Application Automation Cash application fully automated with HighRadius!

27. © 2013 HighRadius Corporation. All rights reserved. Privileged & Confidential

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