Managing A/R Shared Services

Finance and A/R departments leveraging technology underwent significantly lower disruption amidst the COVID crisis, when compared to those who were not. At Whirlpool too- the digital evolution of order-to-cash has been as recent as last year, but technology was instrumental in helping the finance teams activate their crisis response mode proactively, and deliver results with high productivity despite working in a remote working environment.

Join this session as Hyusein Arabadzhiev, Bill-to-cash and Procure-to-Pay Process Owner at Whirlpool talks about their experience of implementing and using technology for order-to-cash, where they were before automation, and where they see themselves a few years down the line. In collaboration with HighRadius, he will walk you through their step-by-step plan to implement technology, highlighting what specifically worked for them and what automation capabilities they are looking to explore in the future.

Join Uber’s very own GPO’s Linda and Homer, as they discuss UBER’s dilemma with day-to-day challenges such as evaluating shared services vs outsourcing various technology vendors and details on their experience of prioritizing the tasks, planning the next steps properly to set up an OTC globally from scratch and much more.

As a typical “black swan” event, COVID-19 took the world by complete surprise disrupting the economies and businesses all around the globe. And now that the phrase “new normal” has replaced the term “uncertain times” in recent months, the focus of most businesses is on adjusting operations and to increase cash flow as cash management is not only key for survival but also for thriving in these difficult times – as well as going forward.

At this onset the liability/onus lies with the credit & A/R teams to understand and predict customer behavior in order to take proactive actions ahead of time. But the existing subpar technology from on-premise solutions, to collaboration and digital service are all in need of more efficiency, speed and versatility to cope up especially in these remote working conditions.

Join us for this session where Dave Hughes will unpack how to thrive in and alleviate the challenges in the current business processes by bringing in AI-enabled automation to minimize the risk and maximize sustainability with advanced technological capabilities for the workforce coupled with advanced analytics on overall performance and process metrics by having real-time visibility into the A/R processes to increase productivity.

In addition, integrating automated solutions drives additional value by taking repetitive tasks out of the workflow for the AR department, minimising errors and time delays to optimise cash flow and mitigate risk. Shared Services enabled by automated solutions is the optimal performance driver. In partnership with HighRadius, this report will explore the AR process in detail, identify core challenges to operational effectiveness, and highlight how these can be overcome to achieve stellar AR control and influence.

The Order to Cash process is considered as a financial backbone for any organization. A company’s economic health and growth directly correlates to how efficient their order to cash process is.

It is vital for a business to optimize its Order to Cash process in order to maintain smooth and efficient operations. Inefficient Order to Cash services leads to higher DSO, which in return leads to increased write-offs.

HighRadius is committed to ensuring you receive maximum value from our Integrated Receivables and Treasury Management solutions to achieve your organizations desired business outcomes.

We have designed a Value Framework to help you measure the automation effectiveness you are achieving and create a roadmap to further automate your Order to Cash processes, ultimately increasing your availability to working capital.

This personalized Value Optimization report is designed to provide you with an overview of your current state of automation and offer the additional insight you need to make operational and strategic business decisions.

It only takes a short time to get a hands on look at how HighRadius transforms cash flow within the Order-to-Cash processes with Autonomous Receivables powered by artificial intelligence technology. The future is Order to Cash.

It only takes a short time to get a hands on look at how HighRadius transforms cash flow within the Order-to-Cash processes with Autonomous Receivables powered by artificial intelligence technology. The future is Order to Cash.