Most receivables teams relate a rise in electronic payment volumes, to a decline in payment acceptance costs. But, manually processing remittance from emails, email attachments, EDI files and customer websites drives up the costs of processing electronic payments.
The credit and A/R team at Danone faced similar challenges with a resource-intensive cash posting process. However, their team was able to automate 90% electronic payment reconciliation to realize lower payment acceptance costs.
Join this webinar to learn about the integrated receivables technology deployed by Danone for same-day cash posting, while improving team productivity by 75%, freeing up resources for high-impact processes in collections, credit and dispute management and reducing DDO by 55%!
HighRadius Cash Application Software enables the end-to-end automation of the cash application process that covers major benefits such as AI-enabled data capture for remittances, auto-linking of payments with open invoices, cost-cutting on lockbox fees and easy compatibility with any system due to its ERP-agnostic Saas infrastructure. Apart from the major benefits that it has, there are some key features which can not be missed out, some of them are Email Remittance capture, Discounts and Deductions Handling, Check Remittance Capture, Web Remittance Capture, Invoice Matching, and RDC & Mobile Payments.