This e-book is an actionable summary that drills down on identifying gaps left by SAP Receivables Management and how Cloud software could fill those gaps.
For most enterprises, implementing a top-of-the-line ERP like SAP is a mammoth investment. But still, it may fall short of delivering certain capabilities in order-to-cash due to the following complexities in ERP and A/R landscape.
As per a Hackett survey, 85% of respondents indicated that the top consideration when choosing automation technology is the ease of integrating A/R processes with their ERPs.
For addressing the growing challenges, A/R teams have the option of either continuing to invest in SAP enhancements and add-ons or adopting best-of-breed cloud solutions to plug in the gaps.
When evaluating A/R automation technology that integrates tightly with SAP, these are the reasons why buying a technology off the shelf triumphs over building it in-house.
On ‘building’ a solution in-house, you are actually paying for the nuts and bolts and the man-hours behind the project. In contrast, when you are ‘buying’ a solution, you have the flexibility of negotiating the pricing with your vendor and make a compelling business impact.
With getting a solution built in-house, the project tends to have an extended timeline and exceed the budget. ‘Buying’ a technology, on the other hand, helps you achieve a positive ROI faster with speedy implementation.
When you opt for the ‘build’ approach, you are stuck with the technology. In contrast, ‘buying’ a solution positions you to change your decision depending on evolving technology and trends.
This e-book outlines the must-have feature checklist and how A/R specific cloud software could seamlessly integrate to SAP ECC and S/4HANA to help A/R teams unlock productivity without disrupting the existing IT landscape.
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company. The HighRadius™ Integrated Receivables platform optimizes cash flow through automation of receivables and payments processes across credit, collections, cash application, deductions, electronic billing and payment processing.
Powered by Rivana™ Artificial Intelligence Engine and Freeda™ Virtual Assistant for Credit-to-Cash, HighRadius Integrated Receivables enables teams to leverage machine learning for accurate decision making and future outcomes. The RadiusOne™ B2B payment network allows suppliers to digitally connect with buyers, closing the loop from supplier receivable processes to buyer payable processes.
HighRadius solutions have a proven track record of optimizing cash flow, reducing days sales outstanding (DSO) and bad debt, and increasing operational efficiency so that companies may achieve strong ROI in just a few months.
To learn more, please visit https://www.highradius.com
Integrated Receivables optimizes accounts receivable operations by combining all receivable and payment modules into a unified business process. The Integrated Receivables platform provides solutions for credit, collections, deductions, cash application, electronic billing, and payment processing – covering the entire gamut from credit-to-cash.
The HighRadius™ Integrated Receivables platform stands out by enabling every credit and A/R operation to execute real-time from a unified platform with an end goal of lower DSO, reduced bad-debt, and faster dispute resolution while improving efficiency and accuracy for cash application, billing, and payment processing.
HighRadius™ Integrated Receivables leverages Rivana™ 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. The Integrated Receivables platform also enables suppliers to digitally connect with buyers via the radiusOne™ network, closing the loop from the supplier Accounts Receivable process to the buyer Accounts Payable process.
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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.