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…