RPA vs AI for Cash Application

Key Takeaways

Compare technologies like OCR and templates with RPA and AI-based solutions
Estimate savings from 95% straight-through cash posting and reduction in lockbox key-in costs
Understand how to automate remittance capture for electronic payments from emails, customer portals and EDI files
Boost employee morale by transitioning the team from clerical work to high-value credit and collections activities

Speakers

Judy Bicking, Senior Trainer, IOFM
Elaine Nowak, Director, Product Management and Marketing, HighRadius

About The Webinar

Could AI improve the quality of your professional life?
Could a robot save you from long hours of repetitive work?

A study by AFP found that only 1 in 4 A/R teams achieve higher than 60% straight-through cash allocation rates in cash application. For every one A/R team focused on high-value credit and collections activities, there are three stuck in the weeds of reconciling payments and remittance.

There's no time like the present

Get a Demo of Integrated Receivables Platform for Your Business

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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.