As the Director of Credit, do you continuously keep track of the DSO and hope that 98% of your receivables are current, i.e. 1-30 days due?
Sadly, the harsh reality is that 38% of B2B invoices are not paid on time.
There are exceptions to this rule though; companies including Yaskawa Electric, ShurTech, and Dr Pepper Snapple Group have successfully reduced past-due A/R and improved receivables processes.
In the upcoming credit and collections webinar, we will outline the latest credit management technologies and best practices to help your A/R team reduce bad-debt write-offs by 30%, improve DSO by 10% and decrease past-due A/R by 75%.
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.