Receivables (unpaid invoices) are the 'cheapest' source of capital for any business. However all businesses, including corporates, struggle to manage it well. While ‘Customer Intent’ is usually touted as the core problem, the true reason : traditional, in-efficient & disjointed collections process These workflows don't get addressed by ERPs and CRMs. It's further aggravated by lack of utilisation of other financial services for AR (eg bureau data, risk scores etc). Result: high cost of collections, slower/no growth. This situation is made worse by macro events like downturns or a pandemic. numberz is an insights based, enterprise B2B Receivables (Invoice-2-Cash) cloud solution that integrates with ERPs/Accounting solutions and Financial Services, making ‘getting paid’ easier, faster, predictable. The platform lends itself to create a B2B network of sellers and buyers. With a combination of the transaction data and innovative financial services, it also helps the smaller buyers get cheaper financing to buy more and better manage cashflow.
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HighRadius Integrated Receivables is a solution to optimize accounts receivable operations by integrating all receivable and payment modules to work as a unified business process.
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Categories: Accounts Receivable, Fintech, Accounting