Complimentary Webinar

Evolution of the Receivables Forecasting Process at Duracell and its Importance in Working Capital Management


Bryan DeGraw

Associate Principal - Finance Advisory Services The Hackett Group

Steven Wurst

Order to Cash Leader Duracell

Daniel Chapman

AVP Treasury Sales HighRadius

What you'll learn

  • Optimize working capital by adopting best-in-class practices as per Hackett guidelines
  • Fast-track cash conversion cycle by lowering DSO and DPO
  • Evolution of cash forecasting practice at Duracell with AI
  • Learn how Artificial Intelligence works under the hood to generate accurate and long-term forecasts

About the Webinar

Evolution of the Receivables Forecasting Process at Duracell and its Importance in Working Capital Management

Ensuring a smooth supply of working capital is the biggest challenge that treasurers across all companies are faced with due to the economic turbulence caused by COVID-19. They have no option but to manage and forecast cash with a precision that would enable them to confidently and proactively make the decisions needed to mitigate working capital risk. The roadblock towards more accurate cash forecasting which more than 80% of Treasurers are facing today is forecasting receivables since customer payment behavior is extremely unpredictable.

Duracell set out to perfect its cash forecasting by continuously iterating its receivables forecasting process until it has achieved a stage where it can now predict with 95% accuracy. To learn more about how they achieved this, join the webinar where Steven Wurst, Order-to-Cash Leader will talk in detail about the evolution of the receivables forecasting practice at Duracell.

About HighRadius

HighRadius’ Award-winning AI-enabled solutions power 200+ Fortune 1000 companies to optimize their Order-to-Cash and Treasury Process. HighRadius’ Autonomous Systems, comprising of Integrated ReceivablesTM , Cash Forecasting Cloud, RivanaTM and FreedaTM , use AI-powered technology and digital assistants to improve Receivables and Treasury processes beyond best-in-class industry benchmarks.

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The HighRadiusTM Treasury Management Applications are uniquely powered by an Artificial Intelligence technology created exclusively to redefine the forecasting, bank reconciliation, and cash management processes, so that treasurers spend less manual effort but extract better outcomes such as making more accurate cash forecasts across all cash flow categories, increased forecasting frequency and variance reporting, gaining instant visibility into real-time cash positions across bank accounts at any level and achieving 99%+ straight-through reconciliation of bank statements without human intervention. The solutions are delivered via the cloud which enables them to be seamlessly integrated with multiple systems including your ERP, TMS, accounting systems, and banks instantly and simultaneously.