Sramana Mitra: Your business model is a SaaS business model, right? Sashi Narahari: Yes, but we charge based on transactions. Sramana Mitra: So it’s not a subscription fee model; it’s a transaction fee model.
Sramana Mitra: Go down one level further. What kind of heuristics are we talking about here? Sashi Narahari: Let’s take a simple example. You are a company and you bill High Radius. We would transfer $3,400 to the bank. Let’s say you use Bank of America. Then there’s an email about the payment.
Companies like Blackline, Bill.com, Anaplan all automate various CFO office functions. HighRadius is yet another excellent company automating a piece of the finance function.