Cash forecasting done right can be a strategic competitive advantage. At most companies, it remains a process filled with challenges, inefficiency, mysteries, and inaccurate information. The consequences of inaccurate forecasting include cost inefficiencies, revenue leakage, growth inhibited, opportunities lost, and an enterprise-wide productivity drag. The good news is that automation and AI have finally made their way to cash forecasting empowering treasury professionals to better understand the when, why and how of all cash receipts and disbursements.
HighRadius Autonomous 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. Autonomous 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.