67% Faster Customer Onboarding: How Credit Teams are Reducing Costs while Improving Speed and Accuracy

Key Takeaways

Eliminate back-and-forth delays from incorrectly completed applications
Ensure completed and correct applications with a success rate of over 90%
Automate new customer credit scoring and credit data collection from credit agencies and public financials
Reduce operational costs and time to onboard new customers by 67%
Focus resources on value-added activities such as credit review and credit risk analysis

Speakers

Jay Tchakarov, VP, Product Management, HighRadius

About The Webinar

Credit leaders have identified paper-intensive application processes as the major bottleneck in onboarding new customers. Paper applications are error-prone and involve manual tasks that delay onboarding. But with delays caused by a multitude of clerical tasks including credit scoring, cross-team communication, and auditing of application data, is an electronic credit application enough to speed this up?

Join us as we discuss how credit leaders have leveraged automation of manual, clerical tasks to move beyond the paper-based and manual process in as little as two days. This has enabled them to drastically speed up customer onboarding by more than 67% while refocusing their effort on high-value credit management tasks.

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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.