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 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 800+ Global Businesses
HighRadius Corporation
2107 CityWest Blvd,
Suite 1100,
Houston, TX 77042
