Other Considerations


This e-book presents information on deduction automation that†every A/R leader should know before starting their automation journey.

Contents

Chapter 01

Executive Summary

Chapter 02

Introduction

Chapter 03

Trends

Chapter 04

Key Challenges

Chapter 05

Challenges in Deduction Resolution

Chapter 06

Automation Techniques

Chapter 07

Potential Savings from Deductions Automation

Chapter 08

Other Considerations

Chapter 09

Summary

Chapter 10

About HighRadius
Chapter 08

Other Considerations


Below are outlined a few other noteworthy factors to consider. Implementation Duration The implementation cycle could take a few hours to several months based on vendor capabilities. A quick go-live is mission critical and a must for a positive ROI on an automation project. Degree of Flexibility Not all businesses are the same, therefore, the software application needs to be configurable so that it is able to easily be fine-tuned to the requirements of each organization. Business users should be able to make configurational changes without involving IT to make backend code changes. User Adoption A good understanding of what type of ramp-up is required for new users is needed for a successful implementation. It should also be determined how much time would be required to train users on the new system. Reporting and Analytics Check the reporting mechanism for the software and determine if the solution provides out-of-the-box dashboards to review deductions management performance.

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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.