Skill #3


An insightful summary of how these GPOs made their Order To Cash future-ready while reducing costs, improving metrics and keeping their customers happy!

Contents

Chapter 01

Defining GPO?s Responsibilities

Chapter 02

Skill #1

Chapter 03

Skill #2

Chapter 04

Skill #3

Chapter 05

Skill #4

Chapter 06

Skill #5

Chapter 07

Summary

Chapter 08

About HighRadius
Chapter 04

Skill #3


Project Implementation Planning Huntsman?s Deployment of 3 Modules in 2 Years Across 4 Regions

Molly Pryor Thumbnail

Why this skill is necessary

Transforming A/R processes for different BUs spread across different geographies is complicated. With the lack of proper planning and detailed roadmap for execution- it?s a nightmare! Hence, GPOs need to lay strategic roadmaps for project implementation in order to:

  • Avoid any risk fallouts
  • Keep all stakeholders involved
  • Streamline implementation and deployment of the solutions

What Huntsman achieved using this skill

Huntsman?s Challenges

  • Multiple Disintegrated Systems†
    • Lack of Centralized Global A/R Management
    • Cumbersome Credit Reviews
    • Lack of Visibility and A/R Tracking
    • Semi-Automated System
  • Non-standardized, Unscalable A/R Processes
    • Time-consuming, Manual Processes
    • Lack of Integration
    • Internal Teams Disconnect
  • Unavailability of Real-time Data
    • Outdated Data
    • Lack of Visibility and Transparency
    • Limited Support for Critical Decisioning

Due to these challenges, it was really difficult for Huntsman to transform their A/R processes.

5 Step Process Methodology

  • Deployed solutions for credit management, collections and deduction
  • Global deployment for BUs across US, Asia, LATAM, Europe within 2 years using the following strategy:

† † † † † † † †5 Step Process Methodology

Improved their Order To Cash metrics as well as process visibility and transparency.

Recommendations

Summary-12

Executive Dashboard

Summary-11

There's no time like the present

Get a Demo of Integrated Receivables Platform for Your Business

Request a Demo
Request a demo

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.