Cash Application, ERPs, Multiple Business Units: Resolve 3 Real World Complexities to Achieve 90%+ Automation in Payment Processing

Key Takeaways

Eliminate manual efforts in cash posting and cash splitting for payments sent to different business units or divisions
Manage variations in discounts, deductions and payments terms for customers across geographies
Make the payment process easier for customer AP team paying to different BUs and geographical units
Evaluate suitable cash application technologies to achieve out-of-the-box capabilities that handle multi-geo and multi-ERP scenarios

Speakers

Elaine M. Nowak, Director, Product Management & Marketing, HighRadius

About The Webinar

Large businesses established across countries and business units (BUs) often face challenges in cash posting such as split payments across business units and matching payments to multiple ERPs and legacy systems. Such variances inflate the manual work in the cash application process, as each incoming payment needs to be resolved for multiple business units and geography

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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.