Skill #1


An insightful summary of how these GPOs made their Order To Cash future-ready while reducing costs, improving metrics and keeping their customers happy!

Contents

Chapter 01

Defining GPO?s Responsibilities

Chapter 02

Skill #1

Chapter 03

Skill #2

Chapter 04

Skill #3

Chapter 05

Skill #4

Chapter 06

Skill #5

Chapter 07

Summary

Chapter 08

About HighRadius
Chapter 02

Skill #1


In-depth Process Knowledge Adidas?s Epiphany on Digital Transformation

Tracie Duncan

Why this skill is necessary

Process complexity is a significant driver of increasing process costs which is difficult to teach, slow to execute, and expensive to maintain. Furthermore, governing compliance for these processes is difficult to establish and monitor, especially as regional variations push up against global standardization. Hence, before starting on the journey for any standardization or digitization, GPOs need to have an in-depth process understanding.

What adidas achieved using this skill

adidas?s Challenge: Disconnected Systems

  • Disparate systems for processes across credit, collections, deductions, billing, and payments.
  • Multiple, disconnected systems led to:
    • Productivity loss in low-value manual coordination across teams
    • Broken customer experience in interfacing with different systems
    • Concerns about maintaining a single source of truth with SAP

adidas?s Epiphany on Digital Transformation

  • With in-depth understanding of their process, Tracie Duncan, Director for Credit was able to define their requirements from technology clearly
  • Defined the vision as ?Digital Enablement with Integrated Receivables?
  • These vision aimed any two core objectives:

Advantages

  • In order to move away from a ?siloed? approach, the team laid out the following charter for successful technology deployment:
    • One vendor across credit-to-cash for a simplified IT landscape
    • Handle subsidiary operations through a single system
    • Enforce tight ERP integration to maintain a strong, single source-of- truth
    • †Leverage automation to eliminate low-value manual tasks across credit-to-cash processes

Recommendations

Summary-12

Executive Dashboard

Summary-11

There's no time like the present

Get a Demo of Integrated Receivables Platform for Your Business

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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.