Myth-Busting: 6 Things to Know About Electronic Payment Processing

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About The Webinar

Electronic payments have seen an unprecedented growth in recent years. The fact is, electronic payments are here to stay, and corporations with paper-based technologies are ill-equipped to handle electronic processes and will struggle with increasing processing costs.

Common reasons for not moving towards electronic payment integration include myths like customer unwillingness, higher processing costs and security concerns. The latest technology, however, has advanced so that electronic payments are processed at lower costs than checks. Simultaneously, the risk associated with electronic payments acceptance is also reduced.

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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.