30 Minutes to Better AR: 2 Must-Haves to Reduce Time & Cost of Dunning Correspondence by Over 90%

Highradius

About The Webinar

One of the most important tools that Collections teams use to ensure regular contact with customers and facilitate faster payment is dunning correspondence. However, with a growing volume of customers and varying payment terms, the time collectors spend on this manual, repetitive task is growing and taking precious time away from higher-value activities such as calling into accounts and maintaining the relationship with key strategic customers.  To make up for these time demands, companies resort to increasing collections team sizes or compromise on the frequency of personally touching key accounts.

In this webinar, we will examine the impact that technology can have on automating correspondence-related, manual, low-value tasks and the opportunity it provides to focus on key strategic accounts.  The technologies we review – correspondence strategies and packages – have helped a number of companies, from Fortune 1000 down, to ensure a timely and accurate dunning correspondence while reducing its cost and time by over 90%.

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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.