Today CFOs are united through their focus on risk mitigation and improving working capital. A/R teams are well positioned to contribute significantly to these initiatives as they are integral to the efficiency of the Order-to-Cash (O2C) process and critical to recovering past dues.
With outstanding debt and cash flow KPI’s under the microscope and constantly affected by the changing economic conditions, O2C processes are being stress tested. It is exposing a growing need for automation to increase productivity, efficiency, accuracy and service levels. As a result, AI-based technology is an area of increasing investment for businesses seeking more agility, insight and prioritisation from their finance.
This demonstration will show you how HighRadius takes humans plus machines approach to optimising working capital. You will learn how intelligent insight and analysis, empowers A/R teams at all levels to deploy more effective, proactive strategies for managing risk and outstanding debt.
HighRadius Collections Software automates and optimizes the credit & collections management process to improve collector efficiency, minimize bad debt write-offs, improve customer relationships, and reduce DSO. It provides a complete set of tools to optimize and automate the credit collections management process and enable the better prioritization of credit collections activities All the information you need (invoices, dispute information, POD, claims, tracking info, etc.) on each case is automatically presented in a collections work-space and is ready for use. Apart from the wide variety of benefits that it has, it also comes with some amazing features like CADE (Collection Agency Data Exchange), collector’s dashboard which has prioritized collections worklist, automated dunning & correspondence, dispute management, centralized tracking of notes, call logs & payment commitments along with cash forecasting functionalities. The result is a more efficient collections team that contributes to enhanced cash flow and reduced DSO.