Autonomous Receivables Solutions for Industrial Manufacturing Companies

An end-to-end, order to cash automation software catering to the specific needs of industrial manufacturers such as:

  • Enabling straight-through cash posting for high dollar-value transactions
  • Ensuring faster onboarding experience for new customers with online credit application
  • Automatically prioritizing diverse customer portfolios globally with AI to ensure faster receivables recovery

Learn how Southwire was able to achieve 90% automated cash application using HighRadius

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Overview of Autonomous Receivables Solutions for Industrial Manufacturing Companies

Credit
Credit
  • 67% faster customer onboarding with online credit application
  • Lower bad debt with real-time credit risk monitoring globally
  • Auto-capture of credit data from 40+ global & local credit agencies
Collections
Collections
  • AI-based prioritization of diverse, global customer portfolios
  • 75% faster past-due recovery leading to working capital optimization and lower DSO
Cash Application
Cash Application
  • 95% auto-cash posting for high dollar-value transactions
  • Automated capture of remittances from check-stubs, emails, EDIs and web portals
Deductions
Deductions
  • Auto-capture of claims, PODs from customer & carrier portals
  • Faster, automated research and resolution for non-trade deductions

Other Autonomous Receivables Solutions

Why Senior A/R Leaders Trust HighRadius

Standardized A/R Processes Post-Mergers and Acquisitions
Standardized A/R Processes Post-Mergers and Acquisitions

HighRadius helps A/R teams standardize their O2C processes post mergers & acquisitions by helping them integrate with multiple ERPs. Additionally, it helps in identifying & prioritizing high-risk customers across the acquired entities, while automating the dunning for the low-risk ones.

360° Visibility Across A/R Process Health Globally
360° Visibility Across A/R Process Health Globally

With 100+ in-built, configurable reports and dashboards, the senior A/R leaders can easily monitor their process health. They can double click on various geographies to get in-depth insights or even analyze A/R performance at an analyst-level to suggest course corrections.

No More Data Duplications Globally  Due to Frequent ERP Migrations
No More Data Duplications Globally Due to Frequent ERP Migrations

HighRadius supports industrial manufacturers through frequent ERP migrations, ensuring minimal disruption to their A/R functions as well as helps to avoid data duplication by easily integrating with any ERP system. This brings the A/R data across acquired entities to a single platform eliminating data duplication and incorrect reporting.

Explore How HighRadius Can Help Industrial Manufacturing A/R Teams

67% Faster Customer Onboarding with Online Credit Application

Auto-capture accurate and complete credit data, references, financials using a configurable, multi-language, Online Credit Application Automatically verify bank references and auto-extract existing customer data from CRM tools such as Salesforce, Oracle, Microsoft 360.

Reduce Bad Debt with 100% Real-Time Credit Risk Monitoring

Get real-time alerts on the customer’s credit health and monitor their portfolios on a daily basis. Auto-extract credit reports, ratings, financials, and credit insurance information from 40+ global and local credit agencies such as D&B, Experian, CreditSafe, Equifax, Serasa and make an informed decision.

Faster Collections with AI-based Worklist Prioritization

Automatically prioritize high-risk customers with an AI-based prioritized collections worklist. Collectors can auto-predict when the customer is going to pay next and apply a specific collections strategy with AI-based recommendations to ensure lower DSO.

Automated Remmitance capture from Checks, Emails, EDIs, Portals

Leverage AI-based, multiple Optical Character Recognition (OCR) engines to capture check-stub data accurately. Auto-capture remittances across email body, attachments, EDIs and deploy web bots to log into portals and extract web remittances securely.

Automated Deductions Research for Non-Trade Deductions

Fast-track deductions research by auto-aggregating claims from emails, customer portals, postal mails; proof of deliveries, bill of lading from carrier portals. As a result, deductions teams can save time and focus on resolution while Deductions Software performs the repetitive backup document aggregation and variance analysis for them.

Industry Partners

We Partner with Leading BPOs, Consulting Firms, Banks and Integrate with ERPs to Provide Best-In-Class Solutions for the O2C Space.

BPO & Consulting Partners

BPO & Consulting Partners

Banking Partners

Banking Partners

ERP Systems

Trade Promotion Management System Integrations

Customer Success Stories

Southwire
Mercury Marine
Leading Manufacturing Company
Southwire
100%
Savings in Bank Lockbox Fees
90%
Automated Cash Application

“HighRadius cloud solutions have a plug and play operating model and are easy to integrate with SAP – the gaps and the needs are taken care of and they are more user friendly than any other vendor solution!”

Ellen Farish
Ellen Farish

Sr. Operations Manager Shared Financial Services

Mercury Marine
100%
Automated Deduction Coding
94%
Automated Cash Application

"The main reason behind automating credit was to focus our effort where it mattered most."

Paul Watters
Paul Watters

Director Worldwide Credit & Treasury

Leading Manufacturing Company
6 Days
Faster Cash Application
94%
Automated Cash Application

Learn how HighRadius helped an industrial manufacturing company transform their cash application process to eliminate a 7-day delay in cash posting.

Industry Insights

Blog

Real-Time Credit Data : Minimizing Credit Risk Exposure in an Unpredictable Economy

Read Blog
eBook

Harmonizing Global O2C Processes for GBS

Read eBook
Webinar

Using RPA and AI to Advance Credit, Collections and Cash App at Toro

View Webinar

Address Your Unique A/R Challenges with HighRadius

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