How to activate AI to drastically reduce bad debt and dramatically increase cash flow

Technical demonstration

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Seth Adler
06/04/2020

The problem

Today many organisations are reviewing their risk assessment and mitigation strategies. CFOs are focused on a common goal – improving working capital by reducing bad debt & Day Sales Outstanding.

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The problem

Today many organisations are reviewing their risk assessment and mitigation strategies. CFOs are focused on a common goal – improving working capital by reducing bad debt & Day Sales Outstanding.

Who has the problem

A/R teams need to contribute significantly in this initiative as they handle everything from onboarding a customer to recovering past dues. 

Where does the problem occur?

Debt and cash flow are expanding and contracting with unprecidented haste. Based on the ever-increasing rate of immediate change, the global pandemic has exposed a growing need for automation to maintain and secure cash flow. As a result, AI-based technology is an area of increasing investment for businesses seeking more agility, insight and prioritisation from their finance solutions.

When does the problem occur?

  • Without using historic and predicted customer payment behaviour to manage customer risk profile you cannot drive a proactive collections strategy at every level. 
  • Without global KPI monitoring for executives and detailed credit and collections analysis, you cannot  make truly holistic decisions that will impact your cash flow.
  • Enabling a more efficient and proactive approach to credit management and collections- the two biggest factors impacting working capital- is a must.

What does the problem impact?

Long term business continuty cannot be realized without effective management of bad debt and cash flow. HighRadius takes a humans plus machines approach to optimising working capital. Technology drives automation, visibility, prioritisation and recommended actions for each account. This demonstration will show you how AI and machine learning can focus you and your teams on what matters, helping you to adapt and maintain business continuity in uncertain times.

How do we solve the problem?

Learn how AI technology can drive a proactive strategy to increase your working capital by helping you to:

  1. Review performance against KPI’s globally with drill down capabilities by region, country and customer
  2. Gain a detailed analysis of customer performance and associated risk and understand the main contributors to your KPI’s
  3. Steer a proactive collection strategy through intelligent dashboards, reports and analysis
  4. Prioritise your collection strategy on what will make the biggest impact

Watch the video to see how it works for you

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