Duration: 30 minutes

About the Webinar

43% of the respondents in a survey by the Remittance Coalition said that among the top pain points of electronic remittance processing was missing data elements in the remittance file. The next biggest pain point, according to the survey, was the handling of multiple remittance formats, which lead to inefficiencies during payment processing.

From the results of the survey, it becomes clear that the benefits of electronic payments are easily overshadowed because processing them becomes a tedious affair. 

In this webinar we will analyze the inefficiencies that had been present in the cash application process at various organizations, and then share how they achieved >90% straight-through processing by automating cash application.  

Speaker

  • Elaine M. Nowak, Director, Product Management, HighRadius

Key Takeaways

Learn how organizations dealt with:

  • Multiple remittance formats to be processed
  • Partial and truncated data in the remittances
  • No remittance available for payments
  • Redundant validation from the claims investigation process

Companies using this technology

  • Adidas
  • Americangreetings
  • Asicsamerica
  • Avnet
  • Callawaygolf
  • Churchdwight
  • Citgo
  • Conagrafoods
  • Dannon
  • Doosan
  • Drpeppersnapplegroup
  • Hallmark
  • Hersheys
  • Hormel
  • Johnsonville
  • Kimberly-clark
  • Loreal
  • Medtronic
  • Newellrubbermaid
  • Starbucks
  • Toro
  • Tyson
  • Underarmour
  • Warnerbros