Best Practices In Deduction Recovery : Improving Collaboration for Increased Success

Key Takeaways

Learn the key factors that contribute to the challenges companies face in recovering deductions
Obtain best practices for deduction resolution and the use of automation
Receive actionable steps to overcome these challenges and reduce deductions by improving upstream A/R processes and profitability

Speakers

Jessica Butler, Founder/Principal, Attain Consulting Group
Elaine Nowak, Director of Product Marketing and Management, HighRadius Corporation
Matt Skudera, Vice President Research and Education, CRF

About The Webinar

HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based Autonomous Systems to help companies automate Accounts Receivable and Treasury processes. The HighRadius® Integrated Receivables platform reduces cycle times in your order-to-cash process by automating receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections.

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HighRadius Deductions Software acts as a powerhouse for proactive deduction management to prevent bottom-line erosion. It provides automation, process standardization, and a platform for cross-departmental and customer collaboration. It supports deduction management by providing some key features like back-up document capture which captures deduction data from customers and supplies the information required for resolution; auto-capture proofs of delivery (PODs), bills of lading (BOLs) from carrier portals & emails; structured deduction resolution, collaboration & approval workflows to streamline the communication and approval process; along with automatic deduction correspondence, and automatic data push to customer portals. The result is a proactive deduction management operation that recovers revenue normally lost to invalid deductions.