Working capital management remains the top priority of finance leaders, who should be addressing the vast untapped savings opportunities in automating credit and accounts receivable processes.
Houston, Texas (PRWEB) April 20, 2017
The Credit and Research Foundation (CRF) will host a webinar featuring HighRadius on the topic of “Unlock $77 Million in Working Capital: A 4 Step Guide by Credit and A/R Leaders on Automation Technology” on April 27, at 1:00 PM CDT. Attendees of the webinar will learn how to plan and execute successful credit and receivables projects.
Working capital management remains the top priority of finance leaders, who should be addressing the vast untapped savings opportunities in automating credit and accounts receivable processes. In fact, a recent study by PwC stated that with a two-day decrease in DSO, cash on hand jumped by about 11.3% globally. Automation plays a key part in achieving DSO reduction, however, such projects are not always successful implemented. More than 50% of funded projects achieve less than 50% of the stated objectives. The webinar details a structured and peer-recommended process to achieve success in accounts receivable transformation programs.
Jay Tchakarov, VP Product Management at HighRadius has industry learning and interactions with more than 300 enterprises that have successfully transformed their credit and accounts receivable processes. During the webinar, Jay will discuss best practices for pre-implementation, implementation and post-implementation phases of the projects and will detail how to reduce the risk of failure.
During the webinar, Jay will also address that most credit and accounts receivable teams have historically been plagued by problems including manual operations, disparate systems and inaccurate data and how these inefficiencies translated to more than $1 trillion stuck in the balance sheets of 13,000 listed companies globally. Credit and accounts receivable transformation programs are undertaken by a majority of global firms to address these challenges but the risk of project failure continues to be high. Webinar attendees will learn the four-step process followed by Fortune 1000 firms to achieve significant productivity improvements that result in cash flow increases in the millions, plus DSO and bad-debt reduction by 10%.
The Credit Research Foundation is an independent non-profit, consisting of a dynamic community of like-minded senior/executive business professionals with a vested interest in maintaining a competitive advantage in the disciplines and processes related to credit and accounts receivable management. Membership contains a cross section of industry segments and representation from companies within the Fortune 1500. Please visit http://www.crfonline.org/ for more information.
HighRadius provides Financial Supply Chain Management software solutions to optimize receivables and payments functions such as credit, collections, cash application, deductions and eBilling. Our Integrated Receivables solution suite is delivered as software-as-a-service to automate the credit-to-cash cycle. Our certified Accelerators for SAP S/4HANA Finance Receivables Management enables large enterprises to achieve business transformation initiatives and leverage their SAP investments. HighRadius solutions have a proven track record of reducing day sales outstanding (DSO), bad debt and increasing operation efficiency enabling companies to achieve an ROI in just a few months. For more information please visit http://www.highradius.com.
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