How KraussMaffei Cut Card Processing Costs by 15% and Achieved PCI-DSS Compliance

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About The Webinar

KraussMaffei, the global leader in injection molding and reaction process machinery, relied heavily on card payments for its spares and service line of business. The benefit of pre-authorizing payments for sales orders was offset by the time and resources lost in redundant manual data entry for processing card payments.  The company used disparate 3rd party software and a paper-trail for capturing card information, processing authorization and settlement.

This webinar explores how credit and A/R leaders at KraussMaffei extended SAP functionality to support credit cards during sales order creation and during collections on past-due accounts while at the same time achieving lowest possible transaction rates and eliminating the cost of PCI compliance.

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HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.