The Coronavirus outbreak has suddenly emerged as one of the biggest global crises of all time- with a multitude of unpredictable medium and long-term implications. Consequently, businesses today are in need of steady cash flow and liquidity, more than ever. As more buyers disregard payment terms and adopt pushback strategies, it becomes critical for A/R leaders to monitor Credit and Collections performance and safeguard receivables with better planning.
In this webinar, Judy Bicking, a global O2C & P2P consultant with over 27 years of experience in the domain will talk about the top Credit and Collection leading indicators to track over the next few months to reduce DSO and optimize working capital. Joining her would be Elaine Nowak- Director of Product Management and Marketing at HighRadius as they discuss how real-time credit risk assessment and proactive collections strategies could help improve your working capital and get visibility and control over your receivables amidst the COVID-19 outbreak.
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.