While credit and receivables teams have always been expected to support bottom-line growth through DSO and bad-debt reduction, CFOs increasingly expect receivables to strategically drive top-line growth by collaborating with commercial teams to balance credit risk and sales growth.
However, credit and A/R leaders are often focused on solving the problem of doing more with less as their teams are largely occupied with mundane, low-value transaction processing tasks and coordination across disconnected receivables processes. These ‘black holes’ drain credit and receivables team bandwidth and limit managerial focus on strategic activities. Join us as we explain how the latest credit management technology can drive the change in your industry.
HighRadius Collections Software automates and optimizes the credit & collections management process to improve collector efficiency, minimize bad debt write-offs, improve customer relationships, and reduce DSO. It provides a complete set of tools to optimize and automate the credit collections management process and enable the better prioritization of credit collections activities All the information you need (invoices, dispute information, POD, claims, tracking info, etc.) on each case is automatically presented in a collections work-space and is ready for use. Apart from the wide variety of benefits that it has, it also comes with some amazing features like CADE (Collection Agency Data Exchange), collector’s dashboard which has prioritized collections worklist, automated dunning & correspondence, dispute management, centralized tracking of notes, call logs & payment commitments along with cash forecasting functionalities. The result is a more efficient collections team that contributes to enhanced cash flow and reduced DSO.
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We have seen financial services costs decline by $2.5M while the volume, quality, and productivity increase.
Colleen Zdrojewski
Trusted By 1100+ Global Businesses
