Order to Cash automation in shared services has been on the rise in the past decade. In fact, a Deloitte survey states that 53% of shared service centers have already implemented some form of automation in Order to Cash. Digitizing your Order to Cash processes are a ‘must’ for shared services’ success.
But a lot can go wrong.
Join Bernardo Aguilar, AP/AR Manager from Lhoist as he walks you through their step-by-step cash application automation journey and points out the top five considerations while choosing and implementing an automation solution which enabled 86% straight-through cash posting for Lhoist.
HighRadius Cash Application Software enables the end-to-end automation of the cash application process that covers major benefits such as AI-enabled data capture for remittances, auto-linking of payments with open invoices, cost-cutting on lockbox fees and easy compatibility with any system due to its ERP-agnostic Saas infrastructure. Apart from the major benefits that it has, there are some key features which can not be missed out, some of them are Email Remittance capture, Discounts and Deductions Handling, Check Remittance Capture, Web Remittance Capture, Invoice Matching, and RDC & Mobile Payments.