A study by NACHA finds that more than 50% of transactions in the B2B space are electronic in nature and check transactions have declined by 45% over the past 5 years.
Given the rapid adoption of electronic payments, it is imperative for finance departments to support all of these new payment formats including same-day ACH and Real-time payments.
In the upcoming complimentary webinar, we compare and contrast ACH, Credit Cards and Real-Time payments in terms of costs and benefits for your team. Key Takeaways include:
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.