The capabilities of automated collections management are:
Potential savings achieving by automating collections are:
Borrowing Costs: Borrowing costs due to WACC is reduced by collecting faster, using strategies such as proactive reminders, strategic dunning, mass correspondence.
FTE Savings: Automated worklist preparation and mass correspondence saves 67% of analysts’ time. Analysts only focus on making critical calls.
Automate invoicing, collections, deduction, and credit risk management with our AI-powered AR suite and experience enhanced cash flow and lower DSO & bad debt
Talk to our expertsHighRadius Autonomous Receivables Software Platform is the world’s only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Autonomous Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway – covering the entire gamut of credit-to-cash.