Accounts Receivable Best Practices: Lessons Learned from Fortune 1000 Companies

Key Takeaways

Perform a Cost/Benefit analysis and align project scope to ensure planned ROI
Conduct an essential 1-week workshop to determine scope
Consider various deployment options: ERP single vs. multiple instance vs. cloud
Organize project structure and staffing
Avoid common requirements gathering pitfalls
Ascertain “what you are getting” early in the project

Speakers

Vikram Gollakota, Director of Solution Engineering, HighRadius

About The Webinar

Fortune 1000 companies are often at the forefront of deploying new technologies. Sometimes this is done proactively to establish a competitive edge. However, in the Accounts Receivable (A/R) space, this is oftentimes done reactively to deal with aggressive behavior from customers, growing workload resulting from business expansion, and the need to better use resources or “do more with less.” Even with this experience, A/R technology implementations are not always smooth – they often encounter problems that are not limited to Fortune 1000 companies but apply for many AR projects.

Discover lessons learned from Fortune 1000 companies on how to implement and leverage A/R automation technology to solve concrete A/R problems. Discover the Top 6 best practices that have been gathered for managing such transformation projects to ensure an on-time and on-budget delivery and a smooth transition and successful rollout.

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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.

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