A Credit Research Foundation survey confirms that 75% of the teams responsible for credit collections are also burdened with deduction analysis and deductions collections. With this rising complexity, organizations are focusing AR team action plans on KPIs such as past-due A/R, DSO, ADD and DDO.
To meet KPI targets, successful collections teams leverage the operational differences in the collection strategies for non-disputed ‘good’ receivables versus disputed ‘bad’ receivables. This approach provides effective collection prioritization improving focus on key accounts and reducing bad-debt.
This expert-led webinar will discuss the techniques and technologies available for optimal categorization and faster processing of receivables with targeted collection strategies.
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.