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 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.
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We have seen financial services costs decline by $2.5M while the volume, quality, and productivity increase.
Colleen Zdrojewski
Trusted By 800+ Global Businesses
HighRadius Corporation
2107 CityWest Blvd,
Suite 1100,
Houston, TX 77042
