Speed To Value Implementation Methodology

Go Live in 2-6 Months With Guaranteed Business Outcomes

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Mutually Agreed Success Metrics

MASC is a formal agreement between HighRadius and the customer on business outcomes expected from the implementation.

Order to Cash
Accounts Payable
B2B
Payments
Close & Reconciliation
Consolidation & Reporting
Treasury & Risk
20% Lower
Past Dues/DSO
40% Increase in
Productivity
30% Increase in
Net Recovery Rate
10% Lower
Bad Debt
20% Lower
Interchange Fee
50% Reduced Invoice Processing Cost
40% Improved Productivity
100% Policy
Adherence
50% Recovery in Interchange Fees
20% Reduction in Interchange Fees
100% Compliant
Global PCI DSS
30% Faster
Financial Close
50% Reconciliation Productivity Boost
100% Accurate
Expense Recognition
99% Accurate Reconciliation
100% Accurate
Financial Reporting
60% Improved Consolidation
Productivity
80% Faster
Financial Reporting
50% Reduction in
Idle Cash
70% More Productive
Cash Forecasting
70% More Productive
Cash Management
Eliminate Cost of
Fraud & Errors
2X Increase in 
Collection Calls
3x Increase in
Personalized Emails
2X Resolved
Deductions / Day
3X Credit
Reviews / Day
80% Transactions
via Level III
90%+ Automated
Invoice Capture
3X More
Exceptions
Handled / Day
3X Reduction
in Supplier Queries
80% Transactions Surcharged
80% Transactions via Level III
50% Close Task  Automation
80% Automated Reconciliation
99% Automated
Journal Posting
100% Coverage
GL Accounts
95% Automated Chart
of Accounts Mapping
80% Resolved
Anomalies
90% Accurate
Cash Forecasting
90% Automated
Bank Integration
98% Automated
Cash Flow Tagging

Business Outcomes
20% Lower Past Dues/DSO
40% Increase in Productivity
30% Increase in Net Recovery Rate
10% Lower Bad Debt
20% Lower Interchange Fee
Operational KPIs
2X Increase in Collection Calls
3X Increase in Personalized Emails
2X Resolved Deductions / Day
3X Credit Reviews / Day
80% Transactions via Level III

Business Outcomes
50% Recovery in Interchange Fees
20% Reduction in Interchange Fees
100% Compliant Global PCI DSS
Operational KPIs
80% Transactions Surcharged
80% Transactions via Level III

Business Outcomes
30% Faster Financial Close
50% Reconciliation Productivity Boost
100% Accurate Expense Recognition
99% Accurate Reconciliation
100% Accurate Financial Reporting
Operational KPIs
Automation 50% Close Task
80% Automated Reconciliation
99% Automated Journal Posting

Business Outcomes
60% Improved Consolidation Efficiency
80% Faster Financial Reporting
Operational KPIs
100% Coverage GL Accounts
95% Automated CoA Mapping
80% Resolved Anomalies

Business Outcomes
50% Lower Idle Cash
70% More Forecasting Efficiency
70% More Productivity Cash Management
Eliminate Cost of Fraud & Errors
Operational KPIs
90% Accurate Cash Forecasting
90% Automated Bank Integration
98% Automated Cash Flow Tagging

Business Outcomes
50% Lower Invoice Processing Cost
20% Improved Days Payable Outstanding
Optimized Cash Outflow
Operational KPIs
90%+ Invoice Capture Rate
3X More Exceptions Handled / Day
3XReduction in Supplier Queries

Requirements Prioritization For Accelerated ROI

Each requirement is categorized as follows:

  • Value: Classified as "high" or "low" based on their impact on Operational KPIs.
  • Out-of-the-box or Enhancements: Requirements are labeled as "Out-of-the-box" for configurable solutions or "Enhancements" for those needing customizations.
  • Prioritization: High-value, out-of-the-box requirements are prioritized to deliver maximum value in the shortest time.

Phase 1 Implementation

Out-of-the-box

Deliver a subset of overall value in the first three months through Out-of-the-Box functionality.The goal is to deliver 80% value through this phase.

Phase 2 Implementation

Additional Enhancements

Additional Enhancements are implemented in the next 3-6 months to address the ROI gaps if any.

Committee to Focus on Value Creation

Mandatory monthly updates with Senior Executives from HighRadius and the client are scheduled to ensure alignment on requirements, implementation phases, and expected outcome metrics.

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Benefits of Speed to Value Methodology

Accelerated Implementation time

With the Speed to Value approach, organizations can fasten the implementation process by leveraging agile methodologies, preconfigured templates and advanced automation capabilities of the solution. This approach ensuring quicker user adoption and realizing the value of the solution in shorter timeframe

Rapid Return on Investment (ROI)

By implementing HighRadius solutions through the Speed to Value approach, organizations can achieve a quicker return on investment. The streamlined implementation process and optimized workflows enable organizations to start realizing financial and operational benefits sooner, leading to increased efficiency and cost savings.

Higher User Adoption

For most implementations,end user adoption is an afterthought with no planned change management. With Speed to Value approach, users are trained on the product functionality during the on-boarding phase via demo videos, providing access to sandbox and through customised training. This reduces resistance to change with a higher user adoption, leading to improved data integrity, reporting accuracy, and informed decision-making.

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Frequently Asked Questions

How does the Speed to Value approach expedite implementation?

It accelerates implementation by leveraging agile practices to streamline the process, preconfigured templates for faster setup, and automation tools for efficient configuration and deployment.

How does Speed to Value ensure user adoption and success?

By providing an efficient implementation process, intuitive user experiences, and comprehensive training and support, Speed to Value encourages user adoption and drives successful outcomes.

Does Speed to Value lead to a quicker return on investment?

Yes, by reducing implementation timelines and enabling faster realization of business benefits, organizations can achieve a quicker return on their investment in the software solution.

Is the Speed to Value approach suitable for organizations of all sizes?

Yes, it can be adapted to meet the needs of organizations, regardless of their size, industry, or complexity of their processes.

Does Speed to Value require extensive IT involvement?

No, the approach minimizes IT dependencies by providing user-friendly tools and configurations, reducing the need for extensive IT involvement during implementation.

How does the Speed to Value methodology ensure a smooth transition?

It includes change management strategies, user training, and ongoing support to facilitate a seamless transition and promote user adoption and satisfaction.

Can existing systems and data be integrated into the Speed to Value approach?

Yes, the Speed to Value methodology supports integration with existing systems and data sources to ensure a comprehensive solution and data integrity.