As you would agree, finance and credit managers face immense pressure in delivering on top-management expectations for credit KPIs in the face of increasing bad-debt write-offs and other hidden A/R costs.
While proactive and real-time credit management is the key, finance teams struggle with managing high volumes of credit reviews, credit applications, and blocked orders.
Leading companies including TechData, Air Products, and Huntsman are using technology to effectively scale credit operations thereby reducing credit risk exposure and bad-debt.
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.