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This powerful combination of humans and machines can significantly help finance teams to control their DSO and bad debt driving a greater contribution to the improvement of cash flows.
Hear the story of Ardent Mills- America's leading flour supplier. Struggling with manual order-to-cash processes, they partnered with HighRadius to optimize their AR operations. HighRadius is a fintech leader that provides end-to-end order-to-cash solutions with a comprehensive solution portfolio. HighRadius recently launched the RadiusOne AR Suite, designed specifically for mid-sized businesses to automate AR processes and achieve a faster time-to-cash.
Collection calls are a vital element of debt collection. The effectiveness of collection calls can have a significant impact on your cash flow -- something that's crucial for any organization facing an uncertain economic future. The importance of effective negotiation in debt collection can't be overstated, so it's useful to have some tips you can use to make better collection calls.
This real world analysis examines the challenges facing Softbank subsidiary Brightstar as they managed through mounting manual costs to resolve multiple deductions issues. With more than 22 temp employees working double shifts at one point, High Radius entered the scene to work with Finance Project Systems Manager, Tim Walker, via a cloud based solution that drove a 50% reduction in shortage deductions write-offs.
With customer onboarding always serving as the threshold to customer success, the Credit Risk App serves to streamline the process and quickly get customers up and running in a safe and secure way. By automating credit risk evaluation and credit scoring with the Credit Risk App, CFOs can standardize the credit approval process enabling their credit teams to make swift and accurate credit decisions. Learn how with this short video!
SaaS and Cloud solutions are transforming the financial process and all of this is underlined by the emergence of Artificial Intelligence, creating a new function for CFO’s to become continuous strategy managers as opposed to daily financial managers. Fuelled by new data aggregation and digital reporting enabled by new and emerging solutions by organizations like HighRadius, today’s CFO can spend less time searching for information and more time planning and architecting the future of the business with other C-level executives.
RadiusOne A/R eInvoicing & Collections App enables improved collector efficiency, minimized bad debt write-offs, reduced DSO, low-cost invoicing and payments via ACH and credit cards. With a prioritized worklist driven by collections strategies trusted by the pioneers in the industry, readily available backup information and automated dunning correspondence, collectors are able to contact more accounts and centrally track collections activities for proactive review and follow-up. With e-invoicing through emails and invoice push into popular accounting software including QuickBooks, Xero and websites, cut costs on paper invoicing while tracking invoice delivery. Enable customers with a self-service portal and ensure availability of multiple payment options.
RadiusOne A/R Credit Risk Management App enables automated credit risk evaluation and credit scoring to standardize credit approval process and enable credit teams to make faster and more accurate credit decisions. With ready-to-use credit application templates, integration with credit agencies and automated credit scoring models – configured based on the industry-specific best practices, fastrack your credit management process for new businesses and streamline periodic reviews. Free up your analysts’ time with workflows and automated correspondence for internal and external collaboration. Enable centralized access to all credit information for high-yield decision making, compliance and eliminate paper-costs with electronic storage.
As ACH has taken center stage, a recent study from the NACHA has shown that same-day ACH skyrocketed by 33% between Q1 and Q2 2020, propelled based on the impact of Covid-19 and many B2B companies needing to adjust their models to look a lot more like B2C. This webinar will examine the the four key trends that are shaping our future in B2B payments, including the rise of digital payments, moving beyond payment portals, the need for seamless payment experiences no matter what the geography, currency or language and new innovations from HighRadius enabling one platform to meet these needs. Joined by Rob Unger, AAP, Senior Director at NACHA, HighRadius Product Management and Marketing Director Elaine Nowak breaks all of this down in a concise and actionable way for CFOs, financial analysts and business technology professionals managing through these payment issues.
RadiusOne A/R Cash Reconciliation App enables automated cash reconciliation across diverse payment and remittance sources and formats including emails and web portals, with automated invoice matching and short-payment identification. With Artificial Intelligence-enabled data capture for remittances, auto-linking of payments with remittances and invoicing matching, standardize your cash application process while minimizing manual intervention and errors. Free up analyst’s time to focus on high-value critical tasks such as Credit and Collections.