Automate to Eliminate: Get Rid of 75% of Delays in Your Deductions Process

Key Takeaways

Remove the need to manually gather backup documentation from various sources, including paper, email, EDI and web portals
Eliminate operational inefficiencies and manual effort and errors to create and code deductions
Cut DDO by researching and closing deductions as soon as cash is processed and short payments are identified

Speakers

Jay Tchakarov, VP, Product Management, HighRadius

About The Webinar

More than 75% of operational delays in clearing deductions occur because analysts manually gather, sort and index documents related to deductions. Each step takes time and the manual effort leads to mistakes and errors, further delaying the actual deductions research – the key to identifying and resolving short pays, including shortages and trade promotions. As deductions volumes have grown and invalid deductions have doubled in recent years (per Credit Research Foundation and Attain Consulting survey), eliminating such clerical delays is critical not only to speeding up the process and reducing costs but also to reversing the shrinking recovery rates that companies are seeing.

Join Jay Tchakarov, VP Product Management, HighRadius, as he discusses how to eliminate waste from the deductions process.

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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.