Clever Credit, Collections and Cash App with AI
Description
Today A/R teams still look at AI as a ‘futuristic’ technology, even though they could leverage it right now and increase their productivity significantly. Fortunately, this was not the case with Summit Electric, whose forward-thinking approach to technology led them to a digital transformation project for their credit, collections, and cash-posting departments.
The results are exciting. Beth Petry, Corporate Credit Manager, Summit Electric Supply, presents the challenges she and the team overcame and the lessons learnt from their entire digital transformation journey with HighRadius. Find out what the future holds for your A/R department with Artificial Intelligence emerging as game-changers.
With HighRadius, discover how to:
- Reduce DSO by 2.9 days and increase cash flow within a year by implementing an automated cash application process
- Achieve 98% header-level hit rate and 80% CEI with automated correspondence and account prioritization
- Deliver 2x faster (and accurate!) credit decisions by moving from manual paper-based job sheets to online credit application
