Director, Credit and Accounts Receivable,
[0:00] Jacob Whetstone: Thank you all for coming. A pretty sparse crowd so far, so nice and intimate I guess. So this is kind of what we'll go over. So yes, the myth in the title of the presentation talks about what that is. It is really just shared service centers that are all about cost optimization. But how they evolve over time, some of the scopes that we can focus on or that we've always focused on to try to optimize the shared service center, as I talked about how we're setting up some of the things that our journey that we've gone through, and then some of the lessons that we've learned. So again, the title of the presentation kind of gave this away, but the shared service centers, there's a myth that it's just to really drive costs down, which is true and part of it and a lot of the reason why as businesses do it, but it's not the only reason that we go into a shared service center. So this is, you know, pretty explanatory and pretty basic, I think, but a lot of the reasons why shared service centers get started is because…
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.