As an organization that has closely worked with finance & accounting teams of more than 250 Fortune 1000 organizations over the last two decades, we have seen organizations cross the chasm towards a new-age way of looking at collections management.
Orlando, FL (PRWEB) May 12, 2017
With over two decades of experience in guiding Fortune 1000 companies to successful SAP® Receivables Management projects, Anuj Saxena believes most credit and A/R process owners are unable to successfully convert their vision to operational reality because of the lack of technical familiarity with existing SAP systems and their capability.
He also mentioned that business leaders invest heavily in enterprise resource planning systems such as SAP and rely on individual process owners to maximize the return on investment by utilizing system functionality to improve process metrics. He believes, it is essential for credit and A/R professionals to clearly define the business requirements in order to successfully deploy receivables management technology.
Anuj announced that he would be distributing complimentary copies of his latest book, “Transforming Receivables Management with Technology: A Practical Guide for Implementing SAP® Collections Management Successfully,” at the SAPPHIRE NOW, the ASUG Annual Conference from May 16 – 18, 2017 at Booth #1077. Attendees could request a complimentary copy here. This is the first in a series of books being published by Receivables 101 – a HighRadius Education Initiative. Future books in the series will include hands-on guides for SAP Credit and SAP Disputes.
The book authored by Anuj and a team of SAP Receivables Management experts details best-practices from more than 200 successful SAP Receivables Management implementations, for business requirement planning, system configuration, change, risk management and future roadmap development. The book includes a step-by-step guide for setting up a collections organization, automating worklist prioritization and correspondence, and defining customer payment behavior-driven collection strategies.
The book also has a chapter focused on assessing the maturity level of a company’s collections management process. Anuj remarks, “Collections process maturity ranges from ‘ad hoc’ – with characteristics of a disorganized and reactive system – to ‘optimized’ – teams which are continuously improving processes and technology. As someone who has closely worked with finance & accounting teams of more than 250 Fortune 1000 organizations over the last two decades, I have noted that the most ‘optimized’ collections management teams have an ‘integrated’ approach to receivables management. Such integrated receivables systems unify customer data, ease collaboration across credit-to-cash functions, eliminate redundant manual tasks – thereby reducing Days Sales Outstanding (DSO), bad-debt write off as well as overall risk exposure.”
As Katharina Reichert, Director, Receivables Management, LoB Finance, SAP SE recommends in the foreword of the book: “If your organization is looking for ways to streamline receivables and convert them into cash to run and grow the business, use automation to establish best-in-class receivables operations, accelerate the credit-to-cash cycle and reduce bad-debt, then this is a must read.” A sneak-peek of the book and the detailed agenda is accessible here.
Anuj Saxena is the Vice President of the SAP Line of Business at HighRadius and an internationally known expert in the field of Credit and Accounts Receivables SAP solutions. Anuj has led many SAP Receivables Management implementations in the United States and Europe, authored several journal articles, and speaks frequently at popular conferences throughout the United States, including SAPPHIRE NOW. At the conference, Anuj will present “How to Leverage SAP Fiori Apps for Real-Time Credit Management.” discussing how SAP Fiori bridges the gulf between user experience on consumer apps and enterprise apps for Credit analysts and managers. Anuj will also present how SAP Fiori helps credit teams stay on top of information impacting credit score of customers, make decisions proactively thereby reducing credit risk exposure.
About HighRadius Corporation
HighRadius TM 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 help large enterprises to achieve business transformation initiatives and leverage their investments in SAP software. HighRadius TM solutions have a proven track record of reducing days sales outstanding (DSO), bad debt and increasing operational 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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