Process performance, reporting and scalability are the 3 drivers of excellence for finance shared service centers, and also their biggest challenges. Executives continue to struggle with visibility constraints and rely on spreadsheets for reporting and cash forecasting, even as order-to-cash teams follow archaic, manually-intensive payment reconciliation and collection methods. Such practices result in poor receivables turnover and impact business scalability and working capital optimization.
Tony Hiatt, Global Credit manager at Ivanti, leveraged digital transformation to improve reporting and cash forecasting across multiple geographies, reduce past due A/R and support business growth through mergers without expanding the team. In this webinar, I explore Ivanti’s story to learn how technology could help SSCs shift gears from cost reduction to cost effectiveness by leveraging the critical levers of change.
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.