It is challenging to convince top-management to see the value in a cash application initiative which ‘makes life easier’ for the accounts receivable team. 39% of A/R projects fail to meet pre-budget expectations and executives discount other benefits of cash application automation, focusing instead on the core of the business case – the bottom line numbers.
A/R projects are evaluated on two main areas – cost reduction and cost avoidance. Join us as we explore an outcomes-based approach to building a realistic ROI model and a winning business case for cash application initiatives.
HighRadius Cash Application Software enables the end-to-end automation of the cash application process that covers major benefits such as AI-enabled data capture for remittances, auto-linking of payments with open invoices, cost-cutting on lockbox fees and easy compatibility with any system due to its ERP-agnostic Saas infrastructure. Apart from the major benefits that it has, there are some key features which can not be missed out, some of them are Email Remittance capture, Discounts and Deductions Handling, Check Remittance Capture, Web Remittance Capture, Invoice Matching, and RDC & Mobile Payments.
Please fill in the details below
Please fill in the details below
We have seen financial services costs decline by $2.5M while the volume, quality, and productivity increase.
Colleen Zdrojewski
Trusted By 1100+ Global Businesses
