22 Sep Drive Business Value by Improving Your Finance Processes
Due to their critical role in driving corporate growth and strategy, finance and accounting experts play a vital role in today’s uncertain market. But most firms have not optimized this vital resource and may find that their finance teams are buried in inefficient finance processes.
Investing in new technology that can improve transactional teams, such as accounts receivable (A/R), while also decreasing expenses, is critical for finance leaders.
HighRadius Integrated Receivables Software Platform is the world’s first end-to-end accounts receivable software platform to create working capital impact, providing a one-stop shop for all financial process optimizations, such as reducing DSO and bad debt, automating cash posting, speeding up collections, dispute resolution, and enhancing teamwork.
To flourish in today’s competitive business environment, businesses must ensure that their key resources are utilized as efficiently as possible and fully engaged in creating positive and consequential business outcomes. An automated accounts receivable function gives your finance team more time to focus on projects that make meaningful impact, resulting in the added benefit of increased employee engagement and satisfaction, and further improving the bottom line. This is one of the most important financial commitments a firm can make.
When dealing with suboptimal, older, less effective accounting and financial processes and systems, financial procedures can be more complex than necessary. Complex reporting processes waste money and increase stress levels in the finance department. Additionally, such repetitive, tiresome work (such as data entry) hinders clever and qualified finance experts from employing their talents in more strategic ways that could help expand your organization.
Finance executives have increased their appreciation of the future digital advancements in the industry in order to keep up with their colleagues. Sixty-nine percent of CFOs believe the rapidly changing business conditions are enhancing their digital activities, according to a recent Gartner study (source: The Digital Future of Finance Report by Gartner). Many people believe that in the year 2026, technology will make considerable or comprehensive changes to their finance department.
With our Value-Based solution design approach, we have combined our extensive consulting experience and industry knowledge with HighRadius’ superior product to improve Order-to-Cash and financial performance of our client’s business, resulting in lower costs and increased profitability.
WHAT WE DO
- Evaluate HighRadius Modules to Benefit Your Organization
- Provide an Implementation Readiness Assessment
- Lead Project Management
- Train End Users
- Change Management in Policy, Process and Platform
HOW WE DO IT
The goal of implementing Integrated Receivables is to reduce DSO, reduce bad debt, and resolve disputes faster while improving the efficiency and accuracy of cash application, billing, and payment processing.
Our experienced experts have a proven track record in these areas as well as in reducing client risk during system implementation, ensuring a better client experience with their real-world know-how and awareness to deal with any challenges that may arise.
As a HighRadius implementation partner, we design and architect our implementations with an understanding of the relevant specific industry, demand forecasting, and operational needs.
Molly Pryor, Director of Transformation Solutions, Credit & Treasury
If you would like further information about how we can help with your Order-To-Cash or Treasury Transformation, please complete the form below.