It is easy to be blindsided by vendor claims of transforming Order-to-Cash (OTC) operations with Robotic Process Automation and Artificial Intelligence, only to be left with a frustrating technology deployment and broken promises.
More than 40% credit and A/R teams report that their technology projects have not met ROI targets and require internal IT resources and recurring costs for maintenance and up-keep.
The golden rule for A/R automation is to, “identify what needs automation, learn what could be achieved with technology, and to define expected results.”
This Valentine’s Day, we share with you an executive checklist to help you find a ‘true love’ in technology for your business and avoid possible bottlenecks and heartbreak.
HighRadius Autonomous 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. Autonomous 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.