Financial close is one of the most stressful periods in the order-to-cash department as teams have to work on day-to-day credit and collections activities provide executive leadership with reports on performance.
The disconnect between C-suite’s goals for the organization and the performance metrics provided leads to a lot of wasted time and effort during month/quarter/year-end closes.
Research on 650 successful A/R transformation projects revealed that senior execs and process owners rely on an A/R Dashboard comprising of 20 must-have KPIs that not only deliver executive visibility but also enable process owners to drill-down and identify root-causes and improvement opportunities.
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.