Get the Most from ACH – Best Practices for Driving Adoption and Accounts Receivable Productivity

[whohit]Get the Most from ACH[/whohit]

Businesses have failed to fully realize the lower costs of ACH payments due to the added costs of the manual cash posting process.  The challenge with electronic payments lies in the multiple formats in which the remittance is received and the loss of benefits from automating bank lockbox. This necessitates additional manual effort to capture the electronic data and link it to the correct payment.  Finally, analysts need to match the payment to the open invoice in the ERP system – again, a manual process. Organizations who adopt ACH could leverage remittance detail from the transaction itself or deploy a targeted cash application solution to achieve increased efficiencies and reduced costs.

Join us in this free webinar and hear experts from NACHA and HighRadius discuss best practices for optimizing ACH payments and how technology should be used to accelerate cash posting in the era of electronic payments. We explore how to:

  • Understand the ACH payment network, explore credit vs. debit transactions and learn what are best practices for adopting ACH payments
  • Review the benefits and savings of ACH and how it may impact your organization
  • Identify the right technology specific to an organization’s needs to increase efficiency and effectiveness when adopting electronic payments
  • Manage the receivables mix and increase the adoption of ACH while reducing the number of paper checks
  • Leverage technology that significantly reduces the operational burden and cost impact of accepting and processing electronic payments

Date: Tuesday, June 7, 2016

Time: 1:00pm – 2:00pm CST

Cost: Complimentary

Speakers:

  • Robert Unger, Senior Director Product Management and Corporate Relations, NACHA
  • Jay Tchakarov, Vice President, Product Management, HighRadius