2025 Would Look Very Different For the Finance Function
Introduction
It is interesting to see how the Finance function has rapidly evolved in the last 20 years - Paper ledgers have been replaced by spreadsheets and now spreadsheets have started to give way to a host of automation solutions. Today, leading companies are implementing innovative technologies such as AI and ML that will collectively change how work gets executed. These changes will ultimately redefine the function of the finance department and reposition finance as a more strategic function than simply an operational support.
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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.
