Distributors and Manufacturers who sell to thousands of businesses are challenged with managing risk and reviewing terms across a large number of accounts. In the absence of automation, this process can be slowed down by a variety of manual tasks, including pulling down of relevant information (credit reports, public financial information, insurance, etc.) and integrating it into a risk scoring model. This is a manual, inefficient effort that requires team members to spend time on low-value, frustrating tasks. The manual and slow nature of the work makes it difficult to quickly research accounts to release orders or update terms, leading to increased risk and bad debt.
Join NACM and HighRadius to learn how Tech Data leveraged innovative technology to automate the retrieval of credit information from credit and trade groups and used it to drive credit reviews in order to maximize team member efficiency and focus on high-value activities.
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.