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Proactive Collections : The AI-Driven Revolution in Collections Management

Highradius

About The Webinar

A study of 300 senior finance executives shows that 45% of the respondents expect their employees to thrive working alongside Artificial Intelligence enabled systems. What does this mean for collections? At the center of Artificial Intelligence led disruption in the Credit and A/R functions is the opportunity to drive a positive impact on a company’s working capital through collections management. Proactive Collections is the approach being adopted by leading collection teams and is transforming how collectors collect, managers manage, and customers interact with A/R teams. At its core, “Proactive Collections” focuses on leveraging machine learning to predict invoice payment dates and thus ushering collections into a new-era of data-based decision-making. This webinar explores what the collections role could look like and how A/R leaders can respond to this change? Join the immersive experience to get a sneak peek of the future with A/R

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HighRadius Collections Software automates and optimizes the credit & collections management process to improve collector efficiency, minimize bad debt write-offs, improve customer relationships, and reduce DSO. It provides a complete set of tools to optimize and automate the credit collections management process and enable the better prioritization of credit collections activities All the information you need (invoices, dispute information, POD, claims, tracking info, etc.) on each case is automatically presented in a collections work-space and is ready for use. Apart from the wide variety of benefits that it has, it also comes with some amazing features like CADE (Collection Agency Data Exchange), collector’s dashboard which has prioritized collections worklist, automated dunning & correspondence, dispute management, centralized tracking of notes, call logs & payment commitments along with cash forecasting functionalities. The result is a more efficient collections team that contributes to enhanced cash flow and reduced DSO.