Accounts receivables is generally perceived as a reactive department; with processes and workflows kicking in after receiving a payment and follow-ups with customers after they miss invoice due dates. Over time, this reactive approach impacts CFO offices and leads to revenue leakages. The problem with a leak like this is that it’s not easy to identify, and correction usually requires process changes that can seem daunting.
In this webinar, HighRadius talks about the challenges that lead to revenue leakages at the CFOs office and shares best practices for solving these challenges.
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.