Since 2014, more than 50% of B2B payments and remittance deliveries have shifted to electronic methods. Many A/R departments have been successfully using the SAP Lockbox program for partially automating cash application of paper checks. But as the volume of electronic payments has increased, remittances have become decoupled from the payments leading to inefficiencies in the cash application process. What Account Receivables departments may not know is if the correct technology is used, the processing of remittances from email, attached files, web portals and EDI becomes fully automated.
Join us as we explore how empowering the native SAP Lockbox program with advanced automation technology eliminates 90% of the manual work teams brought on by the rise of electronic transactions.
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.
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We have seen financial services costs decline by $2.5M while the volume, quality, and productivity increase.
Colleen Zdrojewski
Trusted By 800+ Global Businesses
HighRadius Corporation
2107 CityWest Blvd,
Suite 1100,
Houston, TX 77042
