Key Elements for an Effective Receivables Collections Strategy

Devil’s in the Details: 3 Must-Haves in Your Collections Execution Plan


About The Webinar

63% credit and A/R teams believe that they have collections strategies and systems in place for executing collections operations. However, a whopping 46% of credit sales turn into past dues and a significant 2.5% becomes uncollectible. Often, collections strategies fail to deliver results on DSO, CEI and bad debts due to lack of solid execution.

Successful credit and A/R teams deploy collection strategies backed by robust processes to prioritize the critical customers, send timely correspondence and track customer payments accurately across thousands of customers. This difference in execution is a key reason why DSO of top-performing credit and A/R teams in the USA is an extraordinary 4 times lower than that of average performers, as observed in a recent PwC study.

In the upcoming webinar, we explore the must-have expertise and technical support required to execute receivables collections faster and achieve excellence in collections strategy execution.

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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.

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