Fundamentals of Automating Accounts Receivable with SAP: Eliminating Waste from Cash to Collections

Key Takeaways

Eliminate confusion and consolidate multiple, ad-hoc systems into the single source of truth
Improve collaboration among disparate teams for improved customer service
Analyze credit-to-cash process to identify opportunities for savings with automation
Identify and eliminate wasteful, repetitive manual tasks in the credit-to-cash cycle
Automate cash application to achieve ~90% straight-through processing and free up resources for high-value credit and A/R tasks

Speakers

Katharina Reichert, Senior Director, Receivables Management, SAP

Jay Tchakarov, VP, Product Management, HighRadius

About The Webinar

Year after year, CFOs and Finance leaders cite cost reductions and cash flow improvements as their top priorities.

Credit and Accounts Receivable departments could help CFOs in these two objectives by streamlining and automating processes for lower DSO, fewer write-offs and higher productivity. However, disparate systems, complex processes and high levels of manual work impede credit and A/R teams.

SAP Receivables Management is the premier complete solution in the market with thousands of large enterprises using it to streamline financial operations. Combined with A/R automation, Receivables Management provides unique opportunities to streamline processes, improve visibility and eliminate manual, clerical tasks.

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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.