Rapid business growth brings new challenges to collections teams such as focusing on high-priority accounts, controlling past dues and standardizing dunning processes. The collections team at ShurTech, makers of the original ‘duct-tape’, faced this situation a year ago. With a growing customer base, ShurTech found it problematic to scale their operations with the existing resources. To overcome these obstacles, ShurTech brands implemented industry best practices supported by a next-generation collection management solution.
This free 60-minute webinar examines how ShurTech modernized their collections practice to reduce past due receivables by 75% and automated dunning correspondence completely.
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.