HighRadius to share details on the exclusive features available in the Shared Services Edition of its leading Integrated Receivables platform
TAMPA, FL JUNE 07, 2017 -
To showcase the benefits of the Shared Services Edition of the HighRadius ™ Integrated Receivables solution, HighRadius Corporation is presenting a session at the 12th Annual Shared Services & Outsourcing Exchange on June 13, 2017 in Tampa, Florida. Organized by IQPC Exchange, the event is an opportunity to network and learn from thought leaders and executives on how they have harnessed the maximum value from shared services strategies.
Shared Services Organizations (SSOs) are constantly under the pressure to leverage economies of scale to drive cost reduction and efficiency improvement. While SSOs are constantly trying to achieve these objectives by optimizing FTE utilization, eliminating task duplication and standardizing processes, they are burdened with challenges in receivables management which are markedly different from standard corporate or enterprise processes.
To address the needs of large organizations, HighRadius recently launched the Shared Service Edition of its Integrated Receivable solution. The basis of the integrated platform are the modules for credit, collections, deductions, cash application, and electronic invoice presentment and payments.
The session – “Is A/R Burning a Hole in Shared Services ROI? Investigating the Costs of Disintegrated A/R Processes” – outlines how moving away from piecemeal solutions is critical for SSOs to achieve their cost and efficiency goals. The 45-minute session will be presented by Anuj Saxena, Vice President of the SAP Line of Business at HighRadius. The session combines lessons learned from executing 550+ implementations across the globe, and offers solutions to the primary reasons A/R shared service centers fail to deliver the value expected by organizations, such as:
- Enterprise cloud integration with multiple ERPs enables a single tool to streamline processes across all regions and shared service centers
- Global organization management provides complete executive visibility using advanced user management, dynamic role assignment and process and data access control
- Multi-touch relationships across BPO vendors, brokers and collection agencies allows business process control and secure integration
- Multi-language and multi-currency support consolidates reporting and simplifies correspondence using dynamic conversion rules
- Integrated reporting and analytics manages hierarchical reporting and tracking of KPIs across management and vendors
Predictive analytics forecasts cash and improves collections prediction for customer behavior
The HighRadiusTM Integrated Receivables platform is a stand-out as it enables credit, payment and receivables operations to execute business processes real-time from a unified platform – something missing in most siloed solutions on the market today.
During the event, Anuj will speak about the innovations happening in the credit and receivables space for shared services and how these innovations could be used to solve their unique challenges. Anuj is an internationally known expert in the field of Credit and Accounts Receivables SAP solutions. Anuj has led many Receivables Management implementations in the United States and Europe, authored several journal articles, and speaks frequently at popular conferences throughout the United States. Anuj says, “It’s no secret that technology is a major enabler for shared services in achieving low cost and high efficiency operations. HighRadius™ Integrated Receivables Shared Services Edition is geared towards helping SSOs deliver performance to corporates, beat the SLAs, and replace redundant processes with a unified and feature-rich information system.”
For more information on the event and the session on the Shared Services Edition of the Integrated
Receivables solution click here.
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that provides the HighRadius™ Integrated Receivables Platform to optimize receivables and payments functions such as credit, collections, cash application, deductions, and electronic billing and payment processing. The Integrated Receivables platform allows suppliers to digitally connect with buyers via the RadiusOneTM network, closing the loop from supplier receivable processes to buyer payable processes. HighRadiusTM solutions have a proven track record of reducing days sales outstanding (DSO) and bad debt, and increasing operation efficiency, enabling companies to achieve an ROI in just a few months.
For more information please visit http://www.highradius.com
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