Get the Most from ACH – Best Practices for Driving Adoption and Accounts Receivable Productivity

Key Takeaways

Understand the ACH payment network, explore credit vs. debit transactions and learn what are best practices for adopting ACH payments
Review the benefits and savings of ACH and how it may impact your organization
Identify the right technology specific to an organization’s needs to increase efficiency and effectiveness when adopting electronic payments
Manage the receivables mix and increase the adoption of ACH while reducing the number of paper checks
Leverage technology that significantly reduces the operational burden and cost impact of accepting and processing electronic payments

Speakers

Robert Unger, Senior Director Product Management and Corporate Relations, NACHA

Jay Tchakarov, Vice President, Product Management and Marketing, HighRadius

About The Webinar

Businesses have failed to fully realize the lower costs of ACH payments due to the added costs of the manual cash posting process. The challenge with electronic payments lies in the multiple formats in which the remittance is received and the loss of benefits from automating bank lockbox. This necessitates additional manual effort to capture the electronic data and link it to the correct payment. Finally, analysts need to match the payment to the open invoice in the ERP system – again, a manual process. Organizations that adopt ACH could leverage remittance detail from the transaction itself or deploy a targeted cash application solution to achieve increased efficiencies and reduced costs.

Join us in this free webinar and hear experts from NACHA and HighRadius discuss best practices for optimizing ACH payments and how technology should be used to accelerate cash posting in the era of electronic payments.

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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.