As 2020 is coming to an end, A/R leaders need to find the answers to the many questions that circumstances over the last year have wrought. What will change in the post-COVID economy and what will remain consistent? How long will it take for businesses to resume more normally? Will the expectations of the CFO from the order-to-cash department change yet again, and if yes, how should A/R managers strategize to deliver on them? What will the customer expectations look like in the new year?
How to respond to all these questions is certainly subjective, and would vary based upon your role within the business, and the industry to which you belong. HighRadius has identified five major industries which have been impacted by COVID: CPG, Retail, Manufacturing, Pharmaceuticals and Service, and will conduct a session with Elaine Nowak, Director of Product Management and Marketing at HighRadius, and Judy Bicking, a global O2C and P2P consultant, to share how A/R leaders from these industries should navigate shifting questions and answers, what lessons could be taken from the crisis, and how should they strategize for recovery and growth in the new economy for 2021.
HighRadius’ Award-winning AI-enabled solutions power 200+ Fortune 1000 companies to optimize their Order-to-Cash and Treasury Process. HighRadius’ Autonomous Systems, comprising of Integrated ReceivablesTM , Cash Forecasting Cloud, RivanaTM and FreedaTM , use AI-powered technology and digital assistants to improve Receivables and Treasury processes beyond best-in-class industry benchmarks.
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.