AI-Powered Credit & Collections Automation

Process Automation = Faster Payments Collections

Effortlessly streamline your credit and collections processes with our AI-powered Credit and Collections Automation Software. Manage customer credit limits, automate payment reminders, and reduce outstanding debt, all while improving cash flow and operational efficiency.

Trusted By 1000+ Finance Teams Globally

AI-Powered Credit & Collections Automation_Customers

See how AI can get you paid in less time

Just complete the form below

Discover the Benefits of AI-Powered Credit & Collections Automation Software

HighRadius Credit & Collections Automation software enables you to resolve outstanding balances and improve your collections process efficiently.

Increase Productivity_icon

Increase Productivity

Track Performance_icon

Track Performance

Automate Manual Tasks_icon

Automate Manual Tasks

Reduce Bad Debt_icon

Reduce Bad Debt

Credit and Collections Management Automation Powered by AI

Discover which high-impact tasks to automate to boost efficiency and improve cash flow:

Trusting AI with Your Money: Cash Management in the Age of Gen AI

Customer Credit Scoring and Limit-Setting

Automate credit scoring to assess customer creditworthiness instantly, setting optimal credit limits that balance risk and sales growth. Real-time analysis of payment history and financial stability enables dynamic adjustments, supporting healthy cash flow.

Cash Flow Forecasting: 4 Excel Based Templates For Treasury Professionals

Automated Dunning and Payment Reminders

Automate payment reminders across channels to engage customers and reduce late payments. Tailor notifications to customer behavior, improving collection efficiency and allowing your team to focus on high-value tasks.

How AI Can Revolutionize Cash Forecasting in 2024

Dispute Resolution and Follow-Up Tracking

Streamline dispute management with automated tracking and follow-ups. Categorize disputes, assign team members, and set automated reminders for faster resolutions. Enhance customer satisfaction with efficient dispute handling and gain insights to prevent future issues.

Request a Demo

Why HighRadius Credit and Collections Automation Software?

Transform your credit collection system for faster payment recovery and increased efficiency.

Remittance Portal Automation

Streamline Communication and Task Management

Achieve 100% automated bank integration

  • Centralize all collection emails 
  • Link incoming emails to customer accounts
  • Automate task creation based on customer responses
Remittance Portal Automation

Focus on high-impact customers and maximize collection efficiency

4x Weekly Past Due Coverage

  • Allocate accounts to collectors based on bandwidth
  • Increase collector productivity by prioritizing high-value accounts
  • Analyze 12 months of payment data to predict customer payment behavior
Remittance Portal Automation

Boost productivity with AI-powered automation

30% Increase in Productivity

  • Use Generative AI to craft responses and summarize call notes.
  • Automatically capture call details and email intent to cut down manual reporting.
  • Generate natural language reports with visual insights on demand.
Remittance Portal Automation

Streamline Claims Collection for Efficient Deduction Resolution

30% Improvement in Analyst Efficiency

  • Automate claim backup collection from portals and emails.
  • Directly link documents to relevant deductions, removing manual tracking.
  • Increase analyst productivity with instant document retrieval.
Remittance Portal Automation

Accelerate Deduction Research with Auto-Coding

30% Improvement in Deduction Resolution Efficiency

  • Automatically assign reason codes to claims using a comprehensive library for quick categorization.
  • Map claims to ERP reason codes for streamlined tracking and management.
  • Minimize research time and boost resolution efficiency by reducing manual tasks.
Remittance Portal Automation

Enhance Cross-Departmental Collaboration for Swift Resolutions

40% Improvement in Deduction Resolution Efficiency

  • Automate assignment of deductions and claims to analysts based on priority.
  • Establish multi-level approval workflows for streamlined research and escalation.
  • Enable real-time cross-department collaboration for faster resolutions.

Transform your Credit & Collections Process with our AI-powered solution

Request a Demo image
Request a Demo

Within 6 Months, Our automated Credit and Collections System Delivers

Here’s how HighRadius AI-powered Credit & Collections system transforms finance operations: From greater visibility to faster payment recovery

20%

Reduction in Past Due

30%

Increase in Productivity

20%

Reduction in Bad Debt

Benefits of Automated Credit and Collections System

Gain real-time insights into customer risk, streamline reminders, and simplify task management. Our solution optimizes credit and collections processes, freeing up your team for high-value tasks and accelerating balance recovery.

  • Enhanced Cash Flow
  • Increased Team Efficiency
  • Improved Accuracy
  • Better Visibility
Demo Video

Looking to enhance your credit management with smarter automation?

Book A Demo

Our Credit and Collections System Seamlessly Integrate With Your Finance Stack

HighRadius builds solid partnerships and offers robust integration capabilities to streamline your credit and collections.

Our Credit and Collections System Seamlessly Integrate With Your Finance Stack

See what our customers are saying about our Credit & Collections Automation Software

customer-quote

Achieved 96% Accuracy in Long-Term Receivables Forecasting Over 6 Months

Result

96% accuracy achieved in monthly forecasts

6 months daily forecasts generated

Case Study Speaker Image

Laurent Gueritaine

Global Process Owner, Invoicing to Cash

Case Study Speaker Company Logo
See Success Story
customer-quote

Improved Cash Forecast Accuracy by 20% While Boosting Daily Efficiency - From 2 Hours to 15 Minutes

Result

15% average reduction cash flow in volatility

20% improvement in cash forecast accuracy

Case Study Speaker Image

Carolyn Etress

Director of Accounts Receivables

Case Study Speaker Company Logo
See Success Story
Ready to supercharge your Credit and Collections process? Demo CTA Banner Image

Ready to supercharge your Credit and Collections process?

HighRadius’ Credit & Collections Automation software simplifies credit assessments, risk management, and collections workflows. AI-driven automation enables seamless customer outreach, prioritizes high-risk accounts, and speeds up payment processing, empowering your team to enhance cash flow and reduce delinquencies. Strengthen credit decisions, boost collections efficiency, and resolve issues faster—all in a single, unified platform.

Talk To Our Experts

FAQs - Credit and Collections Software

What is a credit and collections system?

A credit and collections system is software designed to manage customer credit assessments and automate debt collection efforts to reduce overdue payments.

How does credit collection software work?

The software automates credit risk assessment, payment reminders, and prioritization of collection calls, tracks dispute resolution, and streamlines cash flow management.

Why should businesses automate credit and collections?

Businesses should automate credit and collections to improve cash flow, reduce DSO, and allow teams to focus on strategic tasks instead of manual data entry and reminders.

How does credit and collections management software impact small businesses?

Small businesses gain improved cash flow, faster payments, and streamlined operations, reducing the risk of outstanding debts.

How does credit and collections management software impact enterprise businesses?

Enterprises benefit from enhanced scalability, efficient resource allocation, and better insights for managing large volumes of accounts, boosting financial stability.

What is Credit & Collections Automation?

Credit & Collections Automation is the use of software and artificial intelligence to streamline and optimize the credit approval, invoicing, and debt collection processes. This automation manages tasks like customer credit assessments, payment reminders, dispute resolution, and overdue collections, reducing manual work and minimizing errors. By automating these steps, businesses can improve cash flow, reduce overdue invoices, enhance efficiency, and provide a better experience for both customers and finance teams, allowing them to focus on high-value activities instead of repetitive tasks.

product image

Explore our full suite of Finance Automation capabilities