Autonomous Receivables Solutions for Media & Publishing Companies

highradius
15+

Global Media & Publishing Customers

Use HighRadius A/R Solutions

How HighRadius helped EBSCO, an American media & publishing company achieve 82% straight-through cash posting & enhanced customer experience.

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Driving E-Adoption For Billing and Payments: An American Greetings Success Story
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Overview of Autonomous Receivables Solutions for Media & Publishing Companies

Cash Application
Cash Application
  • AI-Based Remittance Prediction for Missing & Complex Remittance Scenarios
  • Auto Remittance Capture from Emails, EDIs, Checks, Customer Portals
  • 100% Elimination of Bank Lockbox Fees
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TCL
97%
Invoice level hit ratehighradius
Collections
Collections
  • Auto-Prioritized Worklist to Identify the High-Risk Customers
  • 100% Automated Dunning for All Customer Portfolios
  • Automated Capture & Recording of Customer Calls, Notes & P2P’s
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A Leading Audio Electronics Company
76%
Reduction in ADD in a yearhighradius
EIPP
EIPP
  • 70% Lower Invoicing Costs
  • Automatically Generate & Deliver Bulk Invoices via Emails, Fax, EDIs, Web Portals
  • Ready-to-Use Configurable Invoice Templates
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Credit
Credit
  • 100% Real-Time Credit Risk Monitoring with HighRadius’ AI-Powered Credit Management Software.
  • 3x Faster Customer Onboarding and Real-Time Credit Risk Visibility with Proactive Credit Reviews
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Other Autonomous Receivables Solutions

Deductions

Deductions

Resolve Disputes Faster & Proactively Identify Invalid Deductions to Reduce DDO & Improve Net Recovery Rate

Why Media & Publishing A/R Leaders Trust HighRadius

Integrate Disparate systems within 5-6 Months
Integrate Disparate systems within 5-6 Months

Rising M&As in the media industry have built an immediate need for standardized and harmonized A/R Systems. The focus is on building substantial IP systems to adopt numerous technologies. Therefore, a considerable amount of disparate systems are seen over time. 

Deliver Business Impact in the First 3 Months
Deliver Business Impact in the First 3 Months

HighRadius’ dotVAL implementation methodology delivers business value for customers within just 3 months and helps companies to realise an increase in productivity, working capital impact, and  lower revenue leakage.

Autonomous Receivables Platform to Streamline A/R Functions
Autonomous Receivables Platform to Streamline A/R Functions

AI-Powered Autonomous Receivables Solution offers end-to-end O2C modules for smoother, faster, and automated A/R management. Additionally, it enables frictionless integration with all major ERPs along with various Ad-Management Softwares like WideOrbit.

Explore How HighRadius Can Help Media & Publishing A/R Teams

100% Elimination of Bank Lockbox Key-in Fees

100% Elimination of Bank Lockbox Key-in Fees

With HighRadius Cash Application Software, cash application analysts can leverage AI-based, multi-OCR engines to accurately capture check remittance. It can also auto-extract remittances from email bodies and attachments across all file formats and languages. Further, it deploys web bots to auto-aggregate remittance data securely from customer web portals and successfully eliminates 100% of bank lockbox fees.

Automated Suggestions for Missing Remittances

Automated Suggestions for Missing Remittances

HighRadius Cash Application Software matches the oldest open invoice to incoming payments depending on the invoice amount. Based on the suggestions made by Cash Application Software, analysts can then make a decision and choose the appropriate remittance against the payment. The software’s ability to recycle payments solves the challenge of prepayments.

Automated Deduction Coding for Faster Cash Reconciliation

Automated Deduction Coding for Faster Cash Reconciliation

HighRadius Cash Application Software can automatically identify short payments and map the customer reason codes into internal ERP-specific reason codes. In case of discounts, the cash application software will automatically validate whether the discount is earned or unearned based on the payment terms or commitments and helps in faster reconciliation and application of cash.

Faster Invoicing and Payment Processing via Self-Service Portals

Faster Invoicing and Payment Processing via Self-Service Portals

With HighRadius EIPP Solution, customers can leverage a self-service portal with global payment support as well as presentment. Analysts can log in and view details of outstanding invoices and the customers can make online payments via credit cards and ACH. It also eliminates high paper and courier costs, saving the time of delivery.

AI-Driven, Personalized Collection Strategies to ensure lower DSO

AI-Driven, Personalized Collection Strategies to ensure lower DSO

Enable auto-prioritized worklist with AI-Based Collections Software and easily identify high-risk customers. With its AI capabilities, the software helps the collections team to improvise their collection strategies for a faster past-due recovery.

100% Real-Time Credit Risk Monitoring to Maintain Lower Bad Debt

100% Real-Time Credit Risk Monitoring to Maintain Lower Bad Debt

With the HighRadius Credit Management Software, the credit analysts can enable a comprehensive credit-scoring mechanism that helps in evaluating customers based on their credit history and lets the A/R teams extend & manage credit terms. With its AI capabilities it enables 100% real-time credit risk monitoring of the customer portfolios on a daily basis.

3X Faster Onboarding for New Customers with Online Credit Application

3X Faster Onboarding for New Customers with Online Credit Application

Auto-capture accurate and complete credit data, references, financials using a configurable, multi-language – Online Credit Application. Automatically verify bank references and auto-extract existing customer data from CRM tools such as Salesforce, Oracle, Microsoft 360.

Industry Partners

We Partner with Leading BPOs, Consulting Firms, Banks and Integrate with ERPs, Ad Management Systems to Provide Best-in-class Solutions for the O2C Space.

BPO & Consulting Partners

BPO & Consulting Partners

Banking Partners

Banking Partners

ERPs & Ad Management Systems

ERPs & Ad Management Systems

Customer Success Stories

EBSCO
american greetings
acosta
EBSCO
82%
Invoice-Level Hit Rate
72%
Automated Deductions Coding
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"EBSCO already had an effective cash application process in place with multiple business process improvement consultants helping us out. It was difficult to imagine that any provider could improve that beyond what it already was"

Carolyn Etress
Carolyn Etress

Director of Accounts Receivable

american greetings
96%
Item Level Hit Rate in Cash Application
50%
Decrease in Manual Payment Processing
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"Our main focus during the e-adoption journey was to always improve the usability and the experience for our end customers."

Lauren Kennedy
Lauren Kennedy

Senior Manager, Retailer Financial Services

acosta
60%
Reduction in Team Size
Download Case Study

“HighRadius automation comes in 100% in the quality side and it’s as high as it has ever been. Our team’s ability to find invoice absolutely improved over time as we went live with HighRadius.”

Andrew Morris
Andrew Morris

SPHR, SHRM-SCP, Vice President, Business Process Solutions

Industry Insights

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