The investor updates from Roche Diagnostics reveal that the company has been growing steadily for the past 5 years. An increase in sales coupled with a firm acquisition and a divestment resulted in a 65% growth in the A/R volumes.
As a result, the credit and A/R team at Roche Diagnostics faced the challenge of collecting over 70,000 invoices and resolving more than 14,000 deduction cases every month. Further, the lack of a single source of data further delayed deduction resolution and reduced collector efficiency.
Join Judy Wagner, the Director of Corporate Credit at Roche Diagnostics, as she shares how her team leveraged A/R automation to achieve 65% collector efficiency improvement and 36% faster dispute resolution, without increasing team size.
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.