How Yaskawa America Leveraged SAP Receivables Management Technology to Reduce DSO by 3 Days Resulting in 45% Increase in Working Capital

Key Takeaways

Prioritizing collectors activities across the team using a single work-list
Centralizing dispute management into a single workflow-driven system
Automating account correspondence to allow collectors to focus on outbound calls and improve Days Sales Outstanding by 3 days
Transforming an inefficient, disjointed collections operation into an automated, streamlined process resulting in a 45% increase in working capital
Reducing bad debt by 90%

Speakers

Elizabeth Chamorro, Manager Credit & Collections, Yaskawa America Inc.

Vikram Gollakota, Director of Solution Engineering, HighRadius

About The Webinar

Businesses manage their collections operations using a disjoint variety of systems, including SAP native AR, excel, reporting, or 3rd party bolt-on tools. This leads to inefficiencies in performing certain basic tasks such as identifying and analyzing past due accounts, sending correspondence, and entering notes. This results in increased DSO and bad debt, which ties up working capital.

Learn how Yaskawa America transformed its collections operations by leveraging a single auto-prioritized work-list, unified customer dashboard, and correspondence automation using SAP Collections Management and HighRadius Accelerators.

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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.