If you told your CFO that receivables processing is eating away 20% of their gross-margin, would they sit up and pay attention?
Unfortunately, while more than 41% of finance transformation programs are focused on correcting margin erosion by improving customer profitability, most C-suites are not focused on the role which you and the rest of the A/R team could play in this.
But BrightStar is an exception.
The credit and finance team at Brightstar led from the forefront to cut hidden costs across payment acceptance and processing, billing, collections and bad-debt write-offs.
In the upcoming webinar, experts from NACHA and Brightstar explain how to review your credit-to-cash processes as a cost-center and create a strategic plan of action to optimize costs with best practices in payments, receivables processing and automation.
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.