With S/4HANA Finance adoption growing by 100% year over year, it is critical for Finance and A/R leaders to plan for operations on the new system.
However, the confusion around capabilities of S/4HANA Finance has led to a number of poorly planned and executed projects, setback credit and receivables organizations and hurt larger business objectives. These avoidable mistakes adversely impact key KPIs including Days Sales Outstanding, bad debt and past-due A/R, hurting cash flow and ability of the business to efficiently fund itself. Therefore, finance leaders have to be on the look-out for signals that might lead to project failures.
We present a structured, peer-recommended, four-step process for SAP S/4HANA Finance and Receivables Management implementations which mitigated these risks of disruption.
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.