Enabled by the radiusOneTM Supplier-Buyer Network, HighRadius Electronic Invoice Presentment and Payment (EIPP) Cloud enables suppliers and buyers to collaborate on invoicing and payments over a single platform.
HighRadius Enterprise EIPP Cloud provides a self-service customer portal to bring buyers and suppliers on a single network to eliminate complexity in managing credit-to-cash for a large customer base. The system supports multiple invoice formats and different modes of transmission (fax, email, print and mail). A rich search capability enables efficient storage and retrieval of past invoices. The result is faster invoicing and payment collection, better customer service, profitability and cash flow.
- Self-service customer portal to provide a single point of accessing full invoicing history
- Automated invoice communication to support multiple media, including email and fax
- Ability to capture supporting proof-of-delivery, bill-of-lading, and other shipping documents at the time of making invoice payments
- Support for credit card and ACH/eCheck payments via integration with multiple processors
- Ability to automatically produce remittance data for quick receivable reconciliation
- Seamless integration with ERP and accounting systems to enable accurate and timely invoice presentment
- Reduce Days Sales Outstanding (DSO) by 10%
Single network helps your client interact with their customers and shortens the cycle time to collect on receivables
- Reduce lockbox processing costs by 30%
Easy-to-use, intuitive user interface that enables access to high-level account status and history as well as drill-down to specific invoices of interest and scheduling payment could help convert up to 80% of checks into ACH lower-cost payments
- Reduce billing costs by 50%
Efficient system enables self-service invoicing by transforming a manual, paper intensive invoicing process into one that is automated and electronic
- Reduce accounting department’s operating costs by 30%
A customer self-service portal results in reduced to-and-fro for basic receivables and billing information
- Reduce cost of managing deductions and collections
Self-service capability enables customer to facilitate full information about short-payments, helping faster resolution of disputes
- Improve customer service and satisfaction
Advanced, online user-interface for faster transactions
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