HighRadius: Robotic Process Automation Frees SAP® Users from 70% Low-Value Credit and Receivables Tasks
SAP® webinar will host HighRadius to share the latest innovations to combat productivity challenges faced in receivables management
LONDON, UK – APRIL 24, 2017 – SAP® will host a webinar featuring HighRadius on the topic “Fundamentals of Automating Accounts Receivable with SAP®: Eliminating Waste from Collections to Disputes” on April 27th at 1:00 PM London Time. Improving cash flows and working capital continue to be top priorities for finance executives in 2017. However, credit and receivables leaders struggle in contributing to the executive agenda because of an operationally intensive focus on day-to-day operations.
Effective collections and deductions management are key for reducing the credit-to-cash cycle, thereby controlling days sales outstanding (DSO). However, these functions continue to witness a flood of manual work ranging from the preparation of calling lists, creation of customer correspondence, the collection of relevant information on customer disputes, the identification of claims and deductions and ad-hoc internal collaboration.
“We noticed that while credit and receivables teams have deployed technology to streamline processes, most tasks continue to require human intervention. Simple tasks, such as downloading a file from a customer’s portal, require a person to manually navigate, locate, click, download and then categorize the information,” said Jay Tchakarov, VP of Product Management at HighRadius.
In the webinar, Jay will detail how collections and deductions teams could identify areas where they lose productivity due to low-value, manual work. He will also explore the recent advances in Robotic Process Automation and Artificial Intelligence that are being employed by teams with SAP Receivables Management for productivity gains and KPI improvement.
Complimentary registrations for the live webinar are being accepted here.
Last year, HighRadius became one of the first partners and software solution providers to achieve certified integration with SAP S/4HANA®, with the Advanced Correspondence Accelerator and Dispute & Collections Accelerator 1.0 solutions. Read more for additional details.
Jay will be joined by Katharina Reichart, Senior Director, Receivables Management, SAP. Katharina will share best-practices on establishing a single source of truth for finance operations with SAP®. She will also help attendees understand how to derive value from the latest in SAP® Finance, Fiori apps and the HANA cloud platform.
“A single-source-of-truth is the foundation for successful credit and receivables operations. Without this, teams face the risk of inaccurate decisions based on obsolete data. Automation technology that integrates closely with SAP Receivables Management modules including Credit and Collection & Disputes, is essential since it allows organizations to maintain data-integrity with SAP®, while eliminating redundant clerical work,” said Katharina Reichart, Senior Director, Receivables Management, SAP.
The session will also feature an interactive Q&A session as the speakers address queries on the key capabilities of these automation techniques and how to implement them without disturbing a company’s existing SAP framework.
For more information or to register for the live event click here.
HighRadius provides Financial Supply Chain Management software solutions to optimize receivables and payments functions such as credit, collections, cash application, deductions and e-Billing. Our Integrated Receivables solution suite is delivered as software-as-a-service to automate the credit-to-cash cycle. Our certified Accelerators for SAP S/4HANA Finance Receivables Management enables large enterprises to achieve business transformation initiatives and leverage their SAP investments. HighRadius solutions have a proven track record of reducing day sales outstanding (DSO), bad debt and increasing operation efficiency enabling companies to achieve an ROI in just a few months. For more information please visit www.highradius.com.
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