Year after year, CFOs and Finance leaders cite cost reductions and cash flow improvements as their top priorities.
Credit and Accounts Receivable departments could help CFOs in these two objectives by streamlining and automating processes for lower DSO, fewer write-offs and higher productivity. However, disparate systems, complex processes and high levels of manual work impede credit and A/R teams.
SAP Receivables Management is the premier complete solution in the market with thousands of large enterprises using it to streamline financial operations. Combined with automation, Receivables Management provides unique opportunities to streamline processes, improve visibility and eliminate manual, clerical tasks.
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.