ACH electronic payments are the fastest growing payment type, with Same Day ACH also making a big impact since its introduction last September. But how do credit and accounts receivable departments realize the benefits of these faster electronic payment options critical to A/R metrics and processes such as days sales outstanding (DSO), collection effectiveness index, blocked orders, cash application and collections? Without the right approach, companies risk failing to handle key challenges that negate the advantages of Same Day ACH.
This webinar will demonstrate how Same Day ACH and robotic process automation provide a high-octane boost across the credit-to-cash process that directly improves credit and risk management, cash application, disputes, and collections.
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.