Fast and Inexpensive Transactions: Fixing the Broken Promise of Electronic Payments with Intelligent Cash Application

Electronic payments are much cheaper than checks, providing a major reason why credit and Accounts rRceivable (AR) leaders encourage electronic payments to reduce processing costs and achieve shorter cash conversion cycles.

However, credit and AR teams still spend endless hours processing the electronic payments and remittances manually, exposing the gap between the expectations and the reality of electronic payments. With electronic payments, electronic remittance is decoupled, presented without a standard format, and received from various sources such as emails, fax, EDI and external websites. This results in credit and AR teams spending considerable manual effort to capture and interpret remittance information, link it to the right payment and match it to the right invoice.

Join us as we explore how leading credit and AR teams are leveraging the true potential of electronic payments by eliminating the manual effort in processing electronic payments.

In this webinar, you will learn how to:

• Measure the real cost of switching from check payments to electronic payments

• Speed up remittance capture from any source including email, website and EDI

• Use intelligent systems to auto-link and auto-match payments, remittances and invoices

• Align internal systems to automate straight-through electronic payment processing

Mark Brousseau

Special Projects Editor, IOFM

Mark Brousseau is a noted analyst, speaker, writer and marketer, with more than 21 years of experience in advising leading providers of financial operations solutions and services.

Brousseau is president of Brousseau & Associates, a full-service strategic marketing and business development consultancy with the largest client base of any firm of its kind. Brousseau & Associates counts among its clients many top solutions and services providers in the payables, receivables, payments, document management, and healthcare verticals.

Elaine M. Nowak

Director Product Management & Marketing, HighRadius

Elaine works to market HighRadius products to prospects and customers, strategizing on offerings, key messaging and product positioning to the marketplace. To address business needs, Elaine strives to understand customer engagement with the product acting as the Voice of the Customer throughout the engagement lifecycle, from pre to post adoption and product purchase. Elaine is dedicated to educating industry practitioners about business challenges and the benefits and value-added solutions available by adopting the latest in technological advances.

Continuing Education Units available:

Receive 1 CEU toward IOFM/AR&O2C ARM, ARS, ARD, or O2C recertification! The Accounts Receivable Certification Program is designed to establish standards for the profession and recognize accounts receivable professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the accounts receivable body of knowledge.

This webinar is provided free of charge and underwritten by a sponsor. Following the webinar, you may be contacted by the sponsor with information about their products and services.