This eBook outlines the insights from Bank of America
Focus on customer risk profiles: understand where your biggest risks are
Ensure that the operating cash model can be stretched for receivables payment cycles
Collaborate with sales to recover faster and mitigate credit risks
Deliver meaningful intelligence for decision-making via easy-to-use reports based on critical KPIs
Kunal Bist, Citi
Casey Kernan, EY
Days Sales Outstanding
Monitoring the cash flows for strategic customers through broken promise to pays, risk class changes from the last credit review
Julie Harris,BoFA
Centralize internal funds to get cash visibility
Get access to cash at a global-level & plan ahead for cash positions in near future
Recover past-dues through early payment discounts
Provide flexible payment terms to critical customers
Kunal Bist, Citi
HighRadius Collections Software automates and optimizes the credit & collections management process to improve collector efficiency, minimize bad debt write-offs, improve customer relationships, and reduce DSO. It provides a complete set of tools to optimize and automate the credit collections management process and enable the better prioritization of credit collections activities All the information you need (invoices, dispute information, POD, claims, tracking info, etc.) on each case is automatically presented in a collections work-space and is ready for use. Apart from the wide variety of benefits that it has, it also comes with some amazing features like CADE (Collection Agency Data Exchange), collector’s dashboard which has prioritized collections worklist, automated dunning & correspondence, dispute management, centralized tracking of notes, call logs & payment commitments along with cash forecasting functionalities. The result is a more efficient collections team that contributes to enhanced cash flow and reduced DSO.