According to PwC, working capital management remains one of the top priorities for finance leaders worldwide. In fact, there is an opportunity to recover $1 trillion locked in accounts receivable across 13,000 public companies globally.
Accounts receivable transformation programs that leverage artificial intelligence and robotic process automation freed up millions of dollars of working capital by decreasing Days Sales Outstanding and Bad Debt while providing up to 50% savings in OPEX. However, not all the technology projects are successful with as many as 46% of them realizing less than 50% of the stated ROI objectives.
In this upcoming webinar with CRF, we discuss a four-step, peer-recommended approach followed by Fortune 500 firms to plan and execute successful receivables transformation programs to achieve up to 70% automation in order-to-cash processes and free up valuable working capital from A/R.
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.