KraussMaffei, the global leader in injection molding and reaction process machinery, relied heavily on card payments for its spares and service line of business. The benefit of pre-authorizing payments for sales orders was offset by the time and resources lost in redundant manual data entry for processing card payments. The company used disparate 3rd party software and a paper-trail for capturing card information, processing authorization and settlement.
This webinar explores how credit and A/R leaders at KraussMaffei extended SAP functionality to support credit cards during sales order creation and during collections on past-due accounts while at the same time achieving lowest possible transaction rates and eliminating the cost of PCI compliance.
HighRadius Electronic Invoice Presentment and Payment (EIPP) Software provides tools that automate and speed up invoice communication and facilitate a faster collection of payments, enabling a closer and more convenient relationship with customers. It automates the invoice transmission and payment collection process providing a configurable solution that supports multiple invoice formats and different modes of transmission (fax, email, portal, etc.) depending on the targeted customer, its integration with ERP systems and a rich search capability enables efficient storage and retrieval of past invoices, backup attachments to minimize disputes and short pays. Apart from that it also has some key features that you would not want to miss out: level-III interchange and surcharge; self-service customer portal; invoicing across email, customer portals, post, and fax; advanced deduction management; and lightning e-payments. The result is faster invoicing and payment collection, better customer service, and improved profitability and cash flow.