The PayStream Advisors’ report states that in 2015 more than 72% of businesses reported a decline in check usage as compared to the previous year. The shift to electronic payments is accelerating and AR leaders are faced with upgrading their payment acceptance and processing systems or incurring increased costs from card fees.To become compliant, accounts receivable operations must either pay dearly for the compliance certification process, or be liable for costs related to security breaches.
A successful transformation in the existing cash application scenario for accepting and processing electronic payments requires more than just blanket acceptance of all electronic payment formats. Payment acceptance initiatives end up impacting sales and revenue growth, increasing trade and business risk, and add to processing costs.
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
