Judy Wagner will share how Roche built a scalable platform to process $400 million receivables for 7000 active accounts
Houston, Texas – December 11, 2017
– HighRadius Corporation will be hosting a complimentary webinar Thursday, December 13 showcasing how Roche Diagnostics employed automation to handle increased accounts receivable volume and increase efficiency without having to add additional resources.
Roche Diagnostics is a diagnostic division of F. Hoffmann-La Roche AG, the Swiss Healthcare multinational. It manufactures equipment and reagents for research and medical diagnostic applications. It is also the world leader in in-vitro diagnostics, tissue-based cancer diagnostics and a pioneer in diabetes management.
Investor updates at Roche Diagnostics revealed that the company has been growing steadily in the past five years. The increase in sales, coupled with a firm acquisition and a divestment, has resulted in a 65% increase in Accounts Receivable volumes. At present, the A/R team at Roche processes 70,000 invoices and 14,000 invalid deductions per month.
The Roche A/R team is further tasked with handling complicated parent-child scenarios and the lack of a single-source-of-data for the team working across different business units. With the objective of streamlining processes and automating repetitive tasks including aggregating Proof of Delivery documents (PODs), Bill of Lading (BOLs) and claim documents, the credit and A/R team at Roche turned towards technology.
Using the HighRadius™ Dispute and Collections Accelerator, the collector efficiency increased by 65% and the team was able to resolve disputes 36% faster.
Join Judy Wagner, CCE, MBA, the Director of Corporate Credit at Roche Diagnostics, as she shares her journey from data scattered across disconnected processes to a single-source-of-truth in SAP. Judy manages all areas of accounts receivable and has more than 25 years of experience. Judy is an active member of NACM Connect where she speaks at various local, regional and national conferences and teaches CAP and ACP classes. Judy is also a member of the Credit Research Foundation where she participates in the SAP User Group meetings.
Title: How Roche Built a Scalable Platform to Process $400 Million Receivables for 7000 Active Accounts
Date and Time: December 13, 11:00am to 12pm CT
This webinar is co-presented by Daniel Chapman, AVP, Strategic Accounts at HighRadius. To register for the webinar, please click here.
A pioneer in healthcare, Roche has been committed to improving lives since the company was founded in 1896 in Basel, Switzerland. Today, Roche creates innovative medicines and diagnostic tests that help millions of patients globally. Roche was one of the first companies to bring targeted treatments to patients. With their combined strength in pharmaceuticals and diagnostics, they are better equipped than any other company to further drive personalized healthcare. Roche Diagnostics is the leading provider of in-vitro diagnostics. They offer doctors profound information to guide treatments and to answer more patients’ questions than any other company. They also enable hospitals and labs to deliver that information quickly and reliably. To learn more, please visit www.roche.com.
About HighRadius Corporation
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company. The HighRadius™ Integrated Receivables platform optimizes cash flow through automation of receivables and payments processes across credit, collections, cash application, deductions, electronic billing and payment processing. Powered by the Rivana™ Artificial Intelligence Engine and Freda™ Virtual Assistant for Credit-to-Cash, HighRadius Integrated Receivables enables teams to leverage machine learning for accurate decision making and future outcomes. The radiusOne™ B2B payment network allows suppliers to digitally connect with buyers, closing the loop from supplier receivable processes to buyer payable processes. HighRadius solutions have a proven track record of optimizing cash flow, reducing days sales outstanding (DSO) and bad debt, and increasing operational efficiency so that companies may achieve strong ROI in just a few months. To learn more, please visit www.highradius.com.
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