A recent study by EY estimates that the top 1000 US companies could save more than 35% of the $375 billion dollars tied up in working capital through faster conversion of receivables.
Houston, Texas (PRWEB) September 13, 2017
HighRadius Corporation was featured in a complimentary webinar hosted by AR & O2C Network on the topic “A/R Best-Practices: 5 Steps to Strategic Customer A/P Relations and Lower DSO,” on September 13th 1 PM CST. Viewers of the session will learn a proven five-step process from thought leaders on the best practices to reduce DSO.
A recent study by EY estimates that the top 1000 US companies could save more than 35% of the $375 billion dollars tied up in working capital through faster conversion of receivables. While the speed of the credit-to-cash cycle heavily depends on terms dictated by the customer, an easy improvement is addressing the broken information exchange mechanism between A/R and A/P teams which has traditionally been viewed as a transactional process.
From invoice exchange, payment terms, options and early-pay discount collaboration, and accurate remittance information acquisition, A/R KPIs are heavily impacted due to largely manual, time-consuming collaboration and communication activities.
In the webinar, Chris Doxey, President, Doxey Inc. (P2P Leading Practices) and, Ron Jethani, Sr. Solution Principal, HighRadius discuss best practices on reducing receivables processing costs by driving electronic invoicing and payment adoption with small and medium businesses, which make up 80% of customer accounts - plus many more key takeaways to reduce DSO.
For more information or to download the event click here.
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company. The HighRadius™ Integrated Receivables platform optimizes cash flow through automation of receivables and payments processes across credit, collections, cash application, deductions, electronic billing and payment processing. Powered by the Rivana™ Artificial Intelligence Engine, HighRadius™ Integrated Receivables enables teams to leverage machine learning for accurate decision making and future outcomes. The RadiusOne™ B2B payment network allows suppliers to digitally connect with buyers, closing the loop from supplier receivable processes to buyer payable processes. HighRadius solutions have a proven track record of optimizing cash flow, reducing days sales outstanding (DSO) and bad debt, and increasing operational efficiency so that companies may achieve strong ROI in just a few months.
About Doxey Inc. - P2P Leading Practices
Chris Doxey is President of Doxey Inc. Chris spent most of her career implementing leading financial processes and internal controls at global companies such as Digital Equipment Corporation, Compaq Computer Corporation, Hewlett Packard, and MCI where she was a controller, director of financial process transformation and other global financial processes.
About AR & O2C Network
AR & O2C Network is part of the Institute of Finance and Management. The AR & O2C Network is the leading provider of training, education and certification programs specifically for Accounts Receivable, Order-to-Cash, Global and Shared Services professionals.
The Institute of Finance and Management (IOFM) is the leading organization providing training, education and certification programs specifically for professionals in Accounts Payable, Procure-to-Pay, Accounts Receivable and Order-to-Cash, as well as key tax and compliance resources for Global and Shared Services professionals, Controllers and their F&A teams.
# # #
For More Information Contact: