Lunch & Learn: Electronic Payments and the A/R Team’s Groundhog Day – Eliminating Repetitive Manual Electronic Remittance Processing with Your Existing Cash Application System

In conjunction with the CRF Forum in Ft. Lauderdale, HighRadius will host a 1-hour "Lunch & Learn" on Monday, October 24th (12pm-1pm).

Electronic payments, which was supposed to be the solution for speed, productivity and efficiency, has become a repetition of manual problems over and over again for most cash application teams. Credit and A/R teams unable to optimize existing cash application systems and ERP programs to process electronic remittance end up with an inefficient, manual, error-prone process. As a result, teams lose countless hours in manually processing repetitive electronic payments and remittance information.

Today, leading-edge credit and A/R teams are leveraging existing in-house systems coupled with add-on technology to process electronic remittance automatically. Join us as we explore how teams have implemented easy-to-deploy, supplemental technology for electronic remittance automation – from collecting remittance information across email, attachments, websites and EDI to posting cash in the ERP systems.

In this session, you will learn how to:

  • Identify issues with electronic payments that lead to inefficient, manual cash application processes
  • Leverage existing systems to achieve 90%+ automation for electronic payment processing
  • Evaluate technology for automating remittance processing across email, email attachments, remittance from websites and EDI
  • Employ “add-on” technology solutions that could be deployed with minimal IT involvement within months

Cost: Free (lunch included)

Location: Marriott Harbor Beach (3030 Holiday Dr, Fort Lauderdale, FL 33316)

When: Monday, October 24th from 12:00pm - 1:00pm

Speaker: Shankar Bellam, Sr. Solution Architect, HighRadius