Financial Close and A/R : Understanding C-Suite’s Requirements of Reports and Dashboards

Key Takeaways

The purpose of financial close and the roles/responsibilities of the order-to-cash team
The most important metrics to deliver executive visibility on including trends in DSO, bad-debt, cost of processing receivables
Root-cause analysis at the process level or with individual customers and team resources by drilling down into reports for O2C processes
Identifying strategic, long-term areas for improvement to enable proactive decision making

Speakers

Judy Bicking, Senior Trainer,IOFM
Kiran Rana, AVP, Solution Engineering, HighRadius

About The Webinar

Financial close is one of the most stressful periods in the order-to-cash department as teams have to work on day-to-day credit and collections activities provide executive leadership with reports on performance.

The disconnect between C-suite’s goals for the organization and the performance metrics provided leads to a lot of wasted time and effort during month/quarter/year-end closes.

Research on 650 successful A/R transformation projects revealed that senior execs and process owners rely on an A/R Dashboard comprising of 20 must-have KPIs that not only deliver executive visibility but also enable process owners to drill-down and identify root-causes and improvement opportunities.

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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.