‘Good’ vs ‘Bad’ Receivables – The 4 Steps to Categorize, Manage and Measure

Key Takeaways

Reduce DSO by 10% through custom strategies for ‘good’ and ‘bad’ receivables
Improve collector efficiency by 30% with a value-focused collections approach
Collect faster with differentiated correspondence strategies for ‘good’ vs ‘bad’ receivables
Segregate and develop action plans for priority, non-priority and disputed receivables
Accurately measure collection KPI impact from best practices and technologies

Speakers

Jay Tchakarov, Vice President, Product Management, HighRadius

About The Webinar

A Credit Research Foundation survey confirms that 75% of the teams responsible for credit collections are also burdened with deduction analysis and deductions collections. With this rising complexity, organizations are focusing AR team action plans on KPIs such as past-due A/R, DSO, ADD and DDO.

To meet KPI targets, successful collections teams leverage the operational differences in the collection strategies for non-disputed ‘good’ receivables versus disputed ‘bad’ receivables. This approach provides effective collection prioritization improving focus on key accounts and reducing bad-debt.

This expert-led webinar will discuss the techniques and technologies available for optimal categorization and faster processing of receivables with targeted collection strategies.

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HighRadius Collections Software automates and optimizes the credit & collections management process to improve collector efficiency, minimize bad debt write-offs, improve customer relationships, and reduce DSO. It provides a complete set of tools to optimize and automate the credit collections management process and enable the better prioritization of credit collections activities All the information you need (invoices, dispute information, POD, claims, tracking info, etc.) on each case is automatically presented in a collections work-space and is ready for use. Apart from the wide variety of benefits that it has, it also comes with some amazing features like CADE (Collection Agency Data Exchange), collector’s dashboard which has prioritized collections worklist, automated dunning & correspondence, dispute management, centralized tracking of notes, call logs & payment commitments along with cash forecasting functionalities. The result is a more efficient collections team that contributes to enhanced cash flow and reduced DSO.