Integrated Receivables Platform For Banks

Enterprise EIPP

Enabled by the RadiusOneTM Supplier-Buyer Network, HighRadius Electronic Invoice Presentment and Payment (EIPP) Cloud enables suppliers and buyers to collaborate on invoicing and payments over a single platform.

Enterprise EIPP powered by RadiusOne

HighRadius Enterprise EIPP Cloud provides a self-service customer portal to bring buyers and suppliers on a single network to eliminate complexity in managing credit-to-cash for a large customer base. The system supports multiple invoice formats and different modes of transmission (fax, email, print and mail). A rich search capability enables efficient storage and retrieval of past invoices. The result is faster invoicing and payment collection, better customer service, profitability and cash flow.

Features

  • Self-service customer portal to provide a single point of accessing full invoicing history
  • Automated invoice communication to support multiple media, including email and fax
  • Ability to capture supporting proof-of-delivery, bill-of-lading, and other shipping documents at the time of making invoice payments
  • Support for credit card and electronic payments via integration with multiple processors
  • Ability to automatically produce remittance data for quick receivable reconciliation
  • Seamless integration with ERP and accounting systems to enable accurate and timely invoice presentment

Benefits

  • Reduce Days Sales Outstanding (DSO) by 10%
    Single network helps your client interact with their customers and shortens the cycle time to collect on receivables
  • Reduce billing costs by 50%
    Efficient system enables self-service invoicing by transforming a manual, paper intensive invoicing process into one that is automated and electronic
  • Reduce accounting department’s operating costs by 30%
    A customer self-service portal results in reduced to-and-fro for basic receivables and billing information
  • Reduce cost of managing deductions and collections
    Self-service capability enables customer to facilitate full information about short-payments, helping faster resolution of disputes
  • Improve customer service and satisfaction
    Advanced, online user-interface for faster transactions

Resources

INTEGRATED RECEIVABLES PLATFORM FOR BANKS : SOLUTIONS
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