75% Less Past Due in One Year: How ShurTech Brands Leveraged Collections Automation

Key Takeaways

Improve collector efficiency by 30% with a value-focused collections approach
Successfully leverage existing resources to support a rapidly multiplying customer base
Effectively handle collections for multiple business units and customer segments using automation
Eliminate redundant, manual and low-value dunning tasks using correspondence automation
Lower DSO by reducing past due receivables by 75%

Speakers

Marinko Marijolovic, Director of Corporate Credit, ShurTech

Jay Tchakarov, VP, Product Management, HighRadius

About The Webinar

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.

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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.