Back in the day, when Shurtech started exploring A/R automation, their primary objective was to not having to increase the headcount with global expansion. Making over 750 million in revenue every year, Shurtech’s A/R function had a lot of undiscovered potential that they unearthed through automation across their retail and industrial divisions.
Join Marinko Marijolovic, Director, Corporate Credit at Shurtech Brands, as he talks about their transformation journey from using SAP modules to the age of AI-powered A/R automation. He would further deep-dive into their automation implementation framework, the KPIs enhanced, and their vision for the future with technology. Joining him, are Susie West, CEO, SharedservicesLink, and Elaine Nowak, Director of Product Management and Marketing at HighRadius, sharing their insights on this transformation journey and its implications for the A/R community as a whole.
HighRadius Autonomous 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. Autonomous 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.