5 REASONS YOU SHOULD LET ROBOTS READ YOUR EMAIL REMITTANCES
Remittances related to the electronic payments arrive separately in diverse formats such as EDI, MT940, PDF, Excel, TXT, through a variety of channels which predominantly includes emails besides web portals as well as papers. Cash Allocation teams lose a significant amount of their productive time in manually collecting these remittances, reading the information contained within them and then reconciling them with their respective payments resulting in piling up of unprocessed payments and delays in posting cash. This bottleneck has multiple implications such as rise in payment processing costs, dip in productivity, limiting the ability to scale A/R process and delays in making cash available for strategic pursuits.
Can robotic process automation augmented with artificial intelligence be the answer to this credit and A/R shortcoming which concerns both Credit and AR professionals as well as C-suite execs across all organisations big and small, local and global?
Join us for the upcoming webinar, where Credit and A/R technology expert Ron Jethani speaks in detail about the shortcomings of a manual Cash Allocation Process and outlines best practices which leading organisations such as Reckitt Benckiser, Starbucks and Danone have employed to overcome these challenges and help achieve 95%+ straight through cash posting across.
Ron Jethani, A/R Technology Expert, HighRadius Corporation