Cash Application Fails: SMB A/R Secrets | HighRadius Webinars

SMB A/R Secrets: 3 Reasons Your Cash Application Team Could Fail in 2020


About The Webinar

Success mantra of top-performing CFOs is to focus investments on processes that impact revenue while controlling the process costs of low-value operations. But these 3 cash application mistakes drive up expenses by 127%, while dragging team productivity.

  • Dependence on expensive bank lockbox and data key-in services to process checks
  • Manual e-remittance aggregation and time-consuming ACH processing despite it being a small part of your payments mix
  • Manual identification and coding of short payments that slows down deductions research

There are new best practices and technologies that you could leverage to plug A/R cost leaks and slash cash application process costs by more than 50%. Join this webinar to learn how companies including Starbucks, Danone, and Lhoist have built future-ready A/R teams using these three best practices.

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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.