Cforia

Cforia sells cloud software that automates accounts receivable across the order-to-cash cycle, from sending invoices through chasing payment to matching the money that arrives. It has operated for more than 20 years, and in February 2024 the finance automation company HighRadius acquired it, with both firms saying the deal would give Cforia customers access to more resources.

What Cforia offers

• Collections — automated workflows and task lists for credit and collections teams.
• Cash application — real-time matching of incoming payments to open invoices.
• Customer portal — self-service for clients to pay, raise disputes and manage their accounts.
• AR intelligence — reports on collector activity, debtor days and other measures.
• E-invoicing and payments — electronic invoices and payment handling.

Who it works with

Large companies in manufacturing, distribution, transportation, automotive and food production. Cforia says it processes more than 150 million transactions annually for businesses in over 115 countries, and names Textron, Henry Schein, Werner Enterprises, US Express and UNFI as customers.

Key facts

• Experience: more than 20 years
• Owner: HighRadius, since February 2024
• Reach: customers operating in over 115 countries