HighRadius' SAP-certified, PCI-DSS compliant electronic payments solution has been chosen by Yaskawa America to satisfy their automation initiative.
Houston, TX December 02, 2013
HighRadius today announced that The Drives & Motion Division of Yaskawa America, Inc. has selected the HighRadius Payments OnDemand solution to provide electronic payments processing for credit cards within their SAP™ system. This PCI-DSS compliant solution uses cloud technology to leverage processors' tokenization services eliminating the need to store credit card information, which minimizes the risk, effort and cost for Yaskawa America.
Yaskawa chose HighRadius, an SAP Gold Partner, as their preferred vendor because of their innovative solutions for payments as well as receivables management. Yaskawa America has allowed its customers to pay via credit card for several years, but the process has been a manual and time consuming effort. Without a best-in-class automation solution, processes were prone to error and were subject to additional risk. HighRadius' solution is the only gateway in the market that leverages customer processor tokenization and completely eliminates the need for on-site hardware and maintenance costs. Merchants running SAP systems can leverage the Payments OnDemand solution across multiple payment origination points in their SAP system. This standard integration automates the payments process and significantly lowers cost with minimal implementation and risk.
Elizabeth Chamorro, the Manager of Credit and Collections at Yaskawa America, expanded on why they chose HighRadius' Payments OnDemand solution by stating, "We [had] been looking for the best automation capability of our credit card payments acceptance process that provided the security needed by PCI-DSS requirements and the integration with our SAP system to give us the automation we wanted. HighRadius' Payments OnDemand met those needs in a most robust manner with a true ease of implementation. Also, the fact that Payments OnDemand also works with our other HighRadius solutions within the SAP environment, it further confirmed that their solution was the right choice. We believe other companies will easily reach that same conclusion."
Sashi Narahari, the President and CEO of HighRadius, added, "Yaskawa America determined that this integration was important to their automation initiative for electronic payments, and their selection of Payments OnDemand truly reinforces our technology and architectural design as the correct one for this market today."
About Yaskawa America, Inc.:
The Drives & Motion Division of Yaskawa America, Inc. manufactures industrial automation equipment. Its products include industrial AC drives; commercial HVAC drives; spindle drives and motors; servo systems and machine controllers; and low-voltage industrial control switches. The company's products are used in a variety of industries that includes automotive, building automation, chemical, food/beverage, irrigation, machine tool, material handling, metal forming, oil/gas, packaging, pharmaceutical, power generation, solar, plastics and rubber, textile , and water/wastewater. Yaskawa America's Motoman Robotics Division makes industrial robots that can weld, assemble, cut and handle goods for manufacturers.
Yaskawa America, Inc. employs more than 1,000 people at its manufacturing facilities in Illinois, Ohio, and Wisconsin and in offices across the United States. For more information, please visit http://www.yaskawa.com.
About HighRadius Corporation:
HighRadius provides software solutions that optimize Credit-to-Cash cycles across functions such as credit, collections, cash application, deductions, invoice presentment and payments. HighRadius Receivables OnDemand suite automates the entire credit-to-cash cycle and is delivered as software-as-a-service (SaaS) in the cloud. HighRadius Payments OnDemand suite is a cloud-based PCI-DSS compliant solution that enables companies to accept credit card payments into SAP. HighRadius Accelerators for SAP Receivables Management enable large enterprises to quickly deploy and optimize standard functionality as well as leverage their SAP investment with lower TCO. HighRadius' solutions have a proven track record of reducing days sales outstanding (DSO), bad debit and increasing operation efficiency enabling companies to achieve an ROI in few months.