This eBook outlines the insights from Bank of America, CITIBANK and Ernst & Young on what strategies and transformation initiatives should be used to unlock cash flows and how A/R teams can contribute to the CFO’s goal of improving working capital.
Pandemic-related disruption have intensified companies’ emphasis on cash management. A recent Hackett study highlighted that 75% of finance organizations took steps to optimize working capital practices during the pandemic, and 79% report they intend to make these changes permanent post-crisis, as continuing economic pressures force companies to bolster cash flow and working capital. In this eBook, we have highlighted the key insights delivered by leaders from Bank of America, Citibank and Ernst & Young during a recent panel discussion
How can Credit teams add value to the CFOs office?
What are the key indicators that finance leaders should track on a
What are the effective levers for unlocking cash flow?
What transformation initiatives would improve cash flow?
How CFOs can get prepared for internal change and communication?
What is the CFO’s number 1 priority as economies are opening up?
For CFOs and senior finance leaders, it is important to have a real-time access to data to understand how the risk behaviour of the customers are changing. With the aid of intelligent automation and technology, they are able to monitor their cash flows and financial risk alerts and proactively manage the finance & A/R operations.
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based Autonomous Systems to help 600+ industry-leading companies automate their Accounts Receivable and Treasury processes.
The HighRadius® Integrated Receivables platform reduces cycle times in your order-to-cash process by automating receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections. The HighRadius® RadiusOne A/R Suite offers a pocket-friendly platform for hundreds of mid-sized businesses to enable faster A/R processing and enhance their working capital. HighRadius® Treasury Management Applications help teams achieve touchless cash management and accurate cash forecasting.
Powered by the Rivana™ Artificial Intelligence Engine and Freeda™ Digital Assistant for order-to-cash teams, HighRadius enables teams to leverage machine learning to predict future outcomes and automate routine labor-intensive tasks.
Processing over $2.3 Trillion in receivables transactions annually, 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 can achieve strong ROI.
HighRadius is the industry’s preferred solution for Accounts Receivable & Treasury and has been named a Leader by IDC MarketScape twice in a row.
To learn more, please visit www.highradius.com.
HighRadius Collections Software automates and optimizes the credit & collections management process to improve collector efficiency, minimize bad debt write-offs, improve customer relationships, and reduce DSO. It provides a complete set of tools to optimize and automate the credit collections management process and enable the better prioritization of credit collections activities All the information you need (invoices, dispute information, POD, claims, tracking info, etc.) on each case is automatically presented in a collections work-space and is ready for use. Apart from the wide variety of benefits that it has, it also comes with some amazing features like CADE (Collection Agency Data Exchange), collector’s dashboard which has prioritized collections worklist, automated dunning & correspondence, dispute management, centralized tracking of notes, call logs & payment commitments along with cash forecasting functionalities. The result is a more efficient collections team that contributes to enhanced cash flow and reduced DSO.