Cash flow management is, at its core, putting the company’s working capital to optimal use by:
Due to the increasing need to improve cash management with market volatility and unpredictable cash flows, enterprises should follow certain cash flow management strategies to keep a positive cash flow.
The following are the four pillars of best in class cash flow management:
The following cash flow management strategies should be followed to achieve the four pillars:
If an enterprise’s cash management software frequently needs manual intervention to consolidate and aggregate data, then it leads to low cash visibility that hinders making data-driven decisions for the organization. With cash management automation, an organization can eliminate manual workflows and empower its team to concentrate on achieving strategic endeavors that drive value for the business.
Key features of HighRadius’ cash management solution
HighRadius’ cash management solution can help enterprise treasury by providing the following features:
HighRadius Integrated 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. Integrated 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.