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 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.
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We have seen financial services costs decline by $2.5M while the volume, quality, and productivity increase.
Colleen Zdrojewski
Trusted By 800+ Global Businesses
HighRadius Corporation
2107 CityWest Blvd,
Suite 1100,
Houston, TX 77042
