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How Does AR Automation Boost Your ERP’s Efficiency? | HighRadius

https://bit.ly/3TcNnS9 - Enterprise Resource Planning (ERP) is an all-in-one solution that helps businesses manage sales, accounting, budgeting, purchase, inventory, supply chain, human resources, and more. But, do you know that an 𝗔𝗥 𝗮𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗼𝗻 𝘀𝗼𝗳𝘁𝘄𝗮𝗿𝗲 that seamlessly integrates with your ERP system could streamline collection efforts and enhance customer experience. Here’s how automation could be a friend in need to different Accounts Receivable processes : 𝗜𝗻𝘃𝗼𝗶𝗰𝗶𝗻𝗴 & 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 - Auto-generate invoices and customize them to meet your branding requirements. Automatically send invoices via emails or deliver them to customers’ ERP or accounting systems. Empower customers to access and manage their invoices and account statements, raise disputes, and make payments through a self-administered portal. 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 - Convert receivables to cash faster with a prioritized collections worklist, automated correspondence, in-app calling, and a single source of truth for all AR data, customer data, and collaboration history. 𝐂𝐫𝐞𝐝𝐢𝐭 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 - Onboard customers faster using an in-built credit database and automated credit scoring based on industry-specific best practices. Track changes in customers’ financial health and credit risk status by pulling data from agencies such as D&B and CreditSafe. Build configurable credit scoring models based on customers’ risk profiles, credit ratings, industry, and geography. 𝐂𝐚𝐬𝐡 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧 - Eliminate manual efforts and save time with automated remittance aggregation, invoice matching, and straight-through cash posting into your ERP. Are you looking for AR automation software that seamlessly integrates with your ERP system and helps you synchronize all the data in real-time? Visit 𝗵𝘁𝘁𝗽𝘀://𝗿𝗮𝗱𝗶𝘂𝘀𝗼𝗻𝗲.𝗵𝗶𝗴𝗵𝗿𝗮𝗱𝗶𝘂𝘀.𝗰𝗼𝗺/ and schedule a demo now! ……………. Content of this video: 0:00 - Introduction 0:12 - How does ERP function 0:24 - What should your ERP do for AR? 0:37 - Benefits of AR automation 0.37 0:55 - Data Silo security function 1:06 - Integration & results ……………. Check out some recommended reads from the CFO’s office - 1.Get The Best Out of ERP and Accounts Receivable Automation (https://bit.ly/3T5hbjD) 2. Winners’ Chronicles – Success Stories From Mid-Sized Businesses With SAP ERP (https://bit.ly/sap-erp-success-story) 3.5 Signs You’ve Outgrown Your ERP (https://bit.ly/3RlqwCf) #ERP #AccountsReceivable #CollectionsManagement #CreditRiskManagement #CashReconciliation #HighRadius