Collections Knowledge Center| HighRadius

Credit card processing fee is calculated after finding the effective rate, which is the total amount your credit card company charges you.

Learn the significance of allowance for doubtful accounts and discover how to calculate it for accurate financial planning. Unlock valuable insights today!

eChecks are a form of digital payment wherein an individual initiates a transaction from one account to another whereas ACH allows transactions via the ACH…

Extended payment terms is a strategy that leverages paying back invoices over a longer period of time. Learn when and how to pushback when asked…

Collections professionals are responsible for managing & facilitating the recovery of pending debts, playing a crucial role in debt recovery for companies.

Write effective collection letters that drive results. From writing demand letters to legal collection letters(with free samples), master the art of debt recovery effortlessly.

10 tips for negotiating with debt collectors. 1. Build a strong foundation of communication. 2. Avoid oversharing. 3. Don’t get desperate.

Discover the benefits of hiring a collection agency. Learn key factors to consider when choosing the right agency. Streamline your debt collection process today

Discover the essential role of debt collection agencies in recovering outstanding debts for businesses. From negotiating repayment plans to legal compliance, learn how these agencies…

Uncover the essentials of bad debt reserve in our comprehensive guide, covering calculation, policy, and integration in financial statements.

A bad debt write-off is the process of removing uncollectible debt from a business's records, ensuring accurate financial reporting and preserving the true value of…

Navigate the daunting task of negotiating a debt settlement with confidence. Discover steps to secure better repayment terms and ease the process.

Looking to hire an effective debt collector? Seek out candidates with these essential traits: problem-solving prowess, strong negotiation skills, resilience, persistence, empathy, and relationship-building skills.

22 Advanced Collection Tips For Collection Agents to Know About. 1. Guide Conversations Through Questions. 2. Upgrade Your Negotiation Skills. 3. Leverage AI for Enhanced…

Unlock the top 10 collections metrics and KPIs for optimizing cash flow and financial stability. Learn to measure, track, and leverage them for business growth.

Master the art of debt collection with 10 collection tips for success in 2024. Elevate your skills and achieve better results in a dynamic financial…

Collecting past dues are a major bottleneck in Accounts Receivable. To ensure stable cash flows and reduced bad debt, CFOs are relying on automation technology.

Master crucial debt collection strategies with these 7 B2B Collections Best Practices to maximize effectiveness in debt recovery and boost your business's financial health.

Looking to swiftly collect overdue accounts? Discover the potential of collection account prioritization: unearth five proven strategies to elevate your collection endeavors and achieve better…

The threat of fraud is an eminent challenge for every AR team. Learn how to spot the warning signs and avoid any potential cases of…

Hear from top SMB leaders on their accounts receivables challenges and explore strategies on how to solve them for a better bottom-line impact.

PCI DSS compliance is the guidelines set up by council PCI SSC that helps prevent payment card fraud & ensures consumers’ personal information remains secure.

NetSuite ERP helps create invoices, track accounts receivables, manage and prioritize delinquent accounts, and streamline collection processes.

Ace the art of account receivable collection calls with effective scripts. Perfect debt collection calls with expert script examples. Secure payments smoothly.

Check out this analysis on how Apple achieves strong cash flow and low DSO compared to peers with its D2C model and clout with suppliers.

Discover the four best ways to improve your accounts receivable (ar) collections process to overcome collection of accounts receivable.

Learn a simple strategy for improving your collector productivity by up to 75% in Sage Intacct

The importance of an AI-powered digital assistant in a finance function and how it can enable teams to create a significant cash flow impact.

A debt collection system cuts costs by revolutionizing the collections process, prioritizes critical customers, streamlines communication, and increases efficiency.

Resolve customer invoice disputes and recover collections efficiently with HighRadius' Collections Dispute Management software. Fast-track dispute resolutions.

Learn how to write an effective collection dispute letter with our guide and templates. Protect your rights and dispute errors on your credit report today.

Master the art of collecting accounts receivable with these 10 powerful tips. Boost cash flow, strengthen customer relationships, & ensure financial stability.

Keep your accounts receivable team on track in 2023 with these 10 essential reports. From aging analysis to productivity reports, track key metrics for success.

Day Sales Outstanding or DSO refers to the average number of days a business takes to collect its receivables after a sale.

Prepaid expenses are current assets that are paid in advance by a business in exchange for goods/services that will be provided in the future.

Invoice scam involves manipulating an invoice to profit at the expense of the parties involved. Learn how to identify fake invoices and detect invoice fraud.

An accounts receivable aging report is like a list that tells businesses about unpaid bills and how long they've been overdue. It helps them see…

Innovation in the world of finance helps employees to close their books faster and deliver more accurate information when it comes to forecasting.

HighRadius currently supports the CA-PCI and is certifying a DPA solution, giving you a choice of which SAP interface you’d like to use for credit…

The VISA & MasterCard Duopoly | HighRadius

Explore effective strategies, best practices, and free templates to manage past due invoices efficiently. Get expert insights on resolving overdue payments.

G2.com, leading peer-to-peer business solutions review platform has named HighRadius a Leader in the Credit and Collections Software Category in their 2022 Fall report.

Learn how to calculate and improve your cash conversion cycle with our step-by-step guide. Optimize your cash flow and boost your business's profitability.

Credit card processing fee is calculated after finding the effective rate, which is the total amount your credit card company charges you.

ERP integration connects the ERP software with other applications and systems used at your organization. Learn more about it here.

Unlock immediate cash flow with accounts receivable factoring. Discover examples and benefits of this flexible financing solution. Boost your business today!

A wire transfer is an electronic method of transferring money from one bank account to another, whereas a direct deposit uses the ACH network to…

Learn how collections liquidity impacts your cash flow, its best practices, and how optimizing it can help improve cash flow.

Trade credit is the short-term credit a seller extends to the buyer for business purposes. It is a critical aspect of every B2B business.

Setting up and start accepting ACH payments instantly by following these 4 easy steps. Step 1: Setup your account, Step 2: Select an ACH payment…

Get unique opportunities to network and keep on top of the latest trends.

Learn what is ACH credit, how do they work, and how they differ from other types of payments, including ACH debits

An ACH debit transaction pulls money from one account and moves it to another. Learn more about how it works and its type.

The Average Collection Period (ACP) is the time taken by businesses to convert their Accounts Receivables (AR) to cash. Learn More!

Importance of AI and NLP in Order to Cash to enable working capital impact

The Perfect A/R Executive Dashboard that enables Leaders drive significant working capital impact.

Here’s what mid-market CFOs can do to ensure an unbiased Accounts receivable collections process through automation-led customer segmentation.

A doubtful account is an account that owes you payment, but you are not sure your business is going to get paid. Learn more about…

Hear from BT on their six important tips in order-to-cash including addressing disjointed processes within shared services

Migrate your business from Microsoft Dynamics GP to the cloud with Business Central and look out for the amazing benefits it has to offer.

Learn to forecast accounts receivable using DSO and discover how automation enhances accuracy in the process.

The key difference between the DSO and ART ratio is that while DSO measures the average time it takes to collect on receivables the ART…

Learn the essential steps that will guide you to create an effective credit policy that works for your business.

Amid an economic downturn, recession fears, and inflation, can AI adoption safeguard the CFOs office from its such uncertainties?

To meet the CFO’s objective of safeguarding cash-flow, A/R leaders must assess the operational gaps in their collections process. This eBook provides a Collections Maturity…

5 steps to plan an effective 2023 digital transformation strategy for CFO office with examples from accounts receivable automation.

Accounts receivable (AR) automation helps process payments faster & improve team efficiency. Learn the benefits of accounts receivable automation!

Eliminating paper checks not only speeds up the payment processing time but also reduces the cost of processing. Learn how.

Traditional invoicing comes with several drawbacks. Learn how e-invoicing helps overcome the drawbacks of traditional invoicing processes.

Learn the importance of DSO, credit reviews, aging accounts & CEI to track your AR performance. Boost efficiency & growth with key accounts receivable metrics.

Learn how to handle delinquent accounts to avoid bad debts and ensure smooth cash flow. Introduce account prioritization for better management.

Manual O2C processes holding you back? Use AI to automate collections and disputes, achieving scalability. Discover how companies are succeeding today.

credit risk is the risk of loss due to a customer not paying their outstanding balance. Learn to safeguard critical customer and mitigate cash flow…

2020 presented consumer packaged goods (CPG) companies with both incredible challenges and unforeseen fortunes. Mass disruptions in supply chains meant inventory was delayed, or in…

Proven strategies from A/R executives to leverage digital transformation and drive a journey towards achieving cash excellence.

This guide created by the inputs of The Hackett Group provides you with the must-have characteristics for your O2C KPIs along with the right metrics…

Sage Intacct recently rolled out its quarterly release. Sage Intacct has been consistent with its new release frequency, establishing them as pioneer in cloud and…

Leading CPG Customer Finance Director shares his best practices for A/R executives to improve the customer experience while safeguarding cash flow

IDC shares the biggest highlights in the accounts receivable space that will have an impact on your working capital in 2021.

Introduction Most mid-sized businesses take a reactive approach towards customer relationships, in the sense that if it is not broken, they do not feel the…

For years, mid-sized businesses have been struggling with issues around AR collections to generate working capital and establish their financial health. In today’s digital world,…

20+ Global A/R executives across CPG companies share their insights on their top priorities are for 2022.

This blog enlists proven strategies from A/R leaders across CPG companies to tackle collection challenges and improve DSO.

Automating tasks like sending timely reminders, tracking customer responses, and escalating delinquent accounts contribute to successful collections in SMBs.

The new role for collections teams in ensuring cash flow while safeguarding the customer experience.

Optimization Techniques For Your AR Collections To Improve Cash Flow CTA. Elevate your process to the next level with Automation. Request A Demo.

Here are 8 essential tips that could help you get started with the perfect collection call quickly and effectively.

Learn about the present collection scenario across industries and understand the key strategies for collection recovery.

Understand the 3-tier Framework collection to assess Credit Risk across your customer portfolio and Explore 4 A/R Collection Best Practices for Mid-sized Business

Not seeing the results you need during your collections calls? Check out our 3-step walkthrough on the do's and don'ts when speaking to global customers.

Collections Strategies during COVID need to be radically different because the change is unprecedented. Companies like Ferrero have already implemented AI and RPA in their…

Finance and A/R learnings on the role of technology on business health through a crisis COVID +3 and ‘normal’ isn’t happening anytime soon. A survey…

B2B and B2C aren’t that different at the end of the day! Both are driven by human-based decisions that either make or break a deal.…

Understand the process and parameters of a customer collaboration maturity model and why self-service portals are becoming popular among customers

Gain insights to become an industry-leading credit and collections analyst in times of disruption to enable your organization to emerge stronger

Learn how the Collection processes are transitioning across various industries all around the world with the help of automated solutions.

Learn more about the Collections landscape and new innovations in the field of collections. Get to know the varied skills required for aspiring collectors.

Learn about 7 best collections practices to ensure faster collections that work across industries to maintain an efficient and coherent collections system.

Introduction Anyone aware of the order-to-cash cycle understands the hassle involved during the collections process, especially while dealing with correspondences. Nowadays customers prefer self-servicing portals…

Centuries ago there existed a warrior- Hercules. And today, in the epoch of modern-day there still exists a warrior- The Collector. Let’s walk through the…

Collections Effectiveness Index(CEI) is a popular metric across industries that gives the Order to Cash leaders a better understanding of how their A/R teams perform.

With research on more than 500 AR projects, The Collections Operations Maturity Model has been devised to help finance decision-makers perform an in-depth

Finding the right balance between emailing and calling to get the most optimum results for your collections management.

Have you struggled with automating your collection processes? Avoid these 4 typical pitfalls to collect faster

While you might accept that facing problems in collections management is an everyday affair and you need to just deal with it, what if you…

Which approach do you prefer when it comes to your credit and collection activities- Qualitative or Quantitative? Without the proper tools to manage a whole…

Shortening your collection cycles is a bit of a misnomer. What you really want to do is to keep customers from becoming very past due…