This eBook shows a practical approach on how to build resilient A/R departments, based on the successful real-world experiences of four GPOs from Cargill, Air Products, Keurig Dr. Pepper, and Danone. Learn how these leading global companies were able to future-proof their A/R organizations while reducing costs, improving metrics, and keeping their customers happier than ever.
In the last few years, we have witnessed the emergence of a new role in many global multi-billion and Fortune 500 organizations – that of the Global Process Owner (GPO). The person holding this position manages enterprise processes, such as conducting Order-to-Cash (O2C) benchmarking, implementing digital transformation initiatives, and managing change across Shared Services
From an O2C shared services perspective, the need for a GPO is heightened. Generally, OTC SSOs are stuck in complex IT and Enterprise Resource Planning (ERP) landscapes, intricate organizational structures, multiple external agencies/vendors, and highly unstandardized processes with minimum visibility. This makes accountability a nightmare.
Further complicating the situation, there are often regional silos across different geographical locations, business units with very different goals and processes, along with recent mergers and acquisitions… you get the picture.
Read on to understand how GPOs of world-class businesses like Cargill, Air Products, Keurig Dr Pepper, and Danone successfully addressed the challenges facing their organizations to build future-ready A/R – as well as the best practices they recommend to all GPOs of enterprise organizations.
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.