SAP Order-to-Cash: 2 Obstacles That Inflate OPEX by 100% in Credit and A/R Ops

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Poor customer data and operational inefficiencies cost North American businesses more than $600 billion annually.  By addressing some of these inefficiencies, finance teams are able to increase cash on hand by 11.3% and reduce DSO by 2 days.

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HighRadius Credit Software automates the credit management process, enabling credit managers to make highly-accurate credit decisions 2X faster and enable faster customer onboarding with 4 primary components: configurable online credit application, customizable credit scoring engines, credit agency data aggregation engine, and collaborative credit management workflow. Along with that, there are a lot of key features that should definitely be explored some of which are online credit application, credit information aggregation, automated credit scoring & risk assessment, credit management workflows, approval workflows, and automated bank & trade reference checks. The result is faster customer onboarding, better internal collaboration, higher customer satisfaction, more targeted periodic reviews, and lower credit risk across the company’s customer portfolio.