One of the top challenges for the A/R teams is to reduce the time taken to resolve deductions/ disputes. Studies suggest that the average time taken to validate and close deductions is as much as 90 days. Many complex factors contribute to the delays in the deductions process – inconsistent order handling guidelines, reactive deduction processes and poor cross-team collaboration to name a few. A/R teams focusing on long-term process-centric initiatives to tackle the inefficiencies, however, have a tremendous opportunity to deliver quick results using rapid technology adoption.
In the upcoming webinar, we will examine these specific high-impact challenges in deduction management which could be quickly eliminated using automation.
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.