Check Your AR Automation Score

Are you a LEADER in adopting AR automation and minimizing bad debt? Check Now.

Calculate my score for:

This calculator helps you assess your AR automation levels. You also get separate AR automation scores for the different functions – invoicing, collections, credit risk management, and cash application. Use the sliders available to indicate whether the different steps mentioned within each function is automated, semi-automated, or manual. You can view scores for each function as soon as you complete the section. Alternatively, you can complete all the sections and get your overall score along with the scores for each function.

Invoicing

Capture purchase order details
0%
Create invoice templates
0%
Sending invoice
0%
Setting up a recurring invoice
0%
Tracking if customer has received and opened the invoice
0%
Sending payment reminder before the due date
0%
Tracking number of open invoices
0%
Tracking total accounts receivable amount
0%
Generate account statements
0%
Payment processing
0%

0.00%

You’re Novice in adopting invoicing automation practices.

Collections

Creating aging analysis report
0%
Assign overdue invoices to collection analysts
0%
Collectors' worklist prioritization
0%
Verifying/checking deductions
0%
Customer segmentation
0%
Customer 360 degree view (Centralization of customer data)
0%
Creating duning emails
0%
Adjust payment terms (e.g. extend payment due date)
0%
Adjust credit limit
0%
Write-off the bad debt
0%
Cash receivables forecasting
0%
Predict delinquency and bad debt
0%

0.00%

You’re Novice in adopting collections automation practices.

Cash Reconcilation

Alerts about customers payments
0%
Match customers payments with the right invoices (Cash application)
0%
Match payments received with book of records (Cash reconciliation)
0%
Identify deductions
0%
Manage deductions (e.g. dunning email to customer, apply discount code, etc.)
0%
Customers can submit disputes
0%
Alerts and notifications about disputes
0%
Disputes resolution
0%

0.00%

You’re Novice in adopting cash reconcilation automation practices.

Credit Risk Management

Real-time alerts when customers submit credit application form
0%
Real-time credit risk monitoring
0%
Alerts about customers' credit risk status change
0%
Revise credit limits for customers
0%
Rescore customers with real-time data
0%
Predict blocked orders
0%
Order release recommendations
0%
Calculation of metrics such as average customers onboarding time
0%
Automatic currency conversions
0%
Alerts before certificate expiry date of documents
0%
Customer creation & updation in ERP
0%
System driven Approval Workflows
0%
Data driven analytics(customer onboarding, reviews, risk class)
0%

0.00%

You’re Novice in adopting credit risk management automation practices.

Your Overall AR Automation Score: 0.00%

You’re Novice in adopting AR Automation practices.

Here’s your automation score for the individual functions:

Invoicing: 0.00%

Collections: 0.00%

Cash Reconcilation: 0.00%

Credit Risk Management: 0.00%

Thank you for taking this assessment.

Email me the scores

Are you ready for end-to-end accounts receivable automation?

Reduce DSO and bad debts and improve cash flow and working capital with HighRadius’ AI-based AR solutions.

About HighRadius

HighRadius offers AR solutions for automating invoicing, collections, credit risk management, deductions, and cash application.

We offer cloud-based Autonomous Software for the Office of the CFO. More than 700 of the world’s leading companies have transformed their order to cash, treasury and record to report processes with HighRadius. Our customers include 3M, Unilever, Anheuser-Busch InBev, Sanofi, Kellogg Company, Danone, Hershey’s and many more.

About RadiusOne

RadiusOne is HighRadius’ AR solution specifically designed for mid-market businesses and supports:

  • Plug-and-play integrators for ERP systems like NetSuite, Sage Intacct, and Microsoft Dynamics
  • Features such as prioritized collection worklists, e-invoicing, periodic credit reviews, and VoIP calling
  • Seamless implementation in 28 days

Other Interesting Resources

5 ways to track receivables to succeed and thrive

5 Ways to Track Receivables to Succeed and Thrive
6 Accounts Receivables Tips to Get Paid Faster

6 Accounts Receivables Tips to Get
Paid Faster
6 RPA Quick Wins for Finance and Accounting Teams

6 RPA Quick Wins for Finance and Accounting Teams
The Ultimate Guide for AI in Order-to-Cash

The Ultimate Guide for AI in Order-to-Cash
Finance Toolkit

Finance Toolkit
AR Automation Assessment Template

AR Automation Assessment Template