The CFO’s Guide to Unlocking Working Capital with Credit and Receivables Technology


Credit and A/R projects are large, complex, expensive and fraught with risks. This e-book demystifies technologies such as Robotic Process Automation and Artificial Intelligence to help finance leaders transform operations.

Contents

Chapter 01

Executive Summary

Chapter 02

Pre-Implementation Best Practices

Chapter 03

Receivables Technology Fit-Gap

Chapter 04

Implementation Best Practices

Chapter 05

Post Go-Live Best Practices

Chapter 06

Summary
Chapter 01

Executive Summary


The latest innovation in credit and accounts receivable technologies have brought in tremendous efficiencies to finance departments worldwide.

HighRadius’ clients such as Nike, Airgas and Cargill have achieved tremendous impact on productivity of operations and significant positive impact on KPIs such as Days Sales Outstanding. All of it resulted in significant improvements in cash flows to the tune of $22 M annually.

While the promise of technology is a given, there is always a chasm between promise of technology and real world results. The idiosyncrasies associated with either a specific firm or a specific process increase the complexity of fitting technology to business process. Such complexities eventually widen the chasm between expectations and reality. Research conducted by Panorama Consulting corroborates these findings, revealing that close to 54% of ERP implementations met less than 50% of their stated objectives.

HighRadius is a niche solution provider with an exclusive focus on Credit Management, Payments and Accounts Receivable automation solutions. This document is designed to provide organizations with a greater rate of implementation success based on learnings from more than 400 receivables transformation projects worldwide.

This e-book will discuss the best practices to be followed during pre-implementation, implementation and post implementation phases for successful receivables transformation projects.