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A Robot Could Cut Your DSO in Half: How Ferrero Uses RPA and AI for Cash Applica

Kay Rogers, Sr Manager, Credit and Financial Services at Ferrero discusses how automation could improve the collections and deductions process and reduce key KPIs including DSO and DDO by up to 50%.
Recorded Mar 22 2019 58 mins
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Presentation preview: A Robot Could Cut Your DSO in Half: How Ferrero Uses RPA and AI for Cash Applica

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  • Order-to-cash Benchmarking and Digital Transformation Guide For 2020 Jul 16 2020 2:00 pm UTC 60 mins
    Ellen Cnudde, Senior Consultant at EY; Andreea Popescu, Senior Manager of Advisory Services at EY; Elaine Nowak, HighRadius
    A/R teams have a very critical role to play in safeguarding the financial health of the business in the COVID economy. Finance leaders are leaving no stone unturned in ensuring that their order-to-cash teams are equipped with all the right tools to help them deliver on the working capital and the cash flow objectives that they laid out for their organization. But what exactly is the ideal state for A/R that you should be trying to achieve in 2020- and how can it be made into a reality?

    Join this session led by Ernst and Young in collaboration with HighRadius as our experts share their vision of best-in-class order-to-cash, and the digital transformation guide to act upon in order to achieve the same. The discussion would entail industry trends and statistics around top-performing A/R teams and how they differ from their counterparts, what their approach for digital transformation looks like, and how do they strategize their response to unforeseen circumstances such as the COVID crisis.

    Join now to learn about:

    - Benchmarking framework to evaluate your current order-to-cash performance
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    According to the British Chamber of Commerce, only 62% of European businesses will survive for the next 3 months. The CFO continues to focus on improving working capital & reducing bad debt. In order to achieve these goals, there is only one ally who can help the CFO: that is, YOU, the credit and collections professional!

    Join Chris Sanders, FCICM, International Credit Management Consultant (Kinetic Consulting) & Head of Accreditation, CICM, as he walks you through 5 ways technology could help you become the strategic partners to your CFO.

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    1.How to ensure that the CFO’s objectives are translated into the credit team’s daily operations

    2.COVID-19 credit manager’s playbook: Key leading indicators that credit teams should track for the next 90 days

    3.5 ways how AI would help Credit Teams to reduce bad debt in their day-to-day operations

    4.Three pillars of digital transformation roadmap to stay crisis-ready: data integration, analytics, and AI
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    Evaluating collections automations success by using analytics for benchmarking

    The evolution of Analytics 2.0 and why every A/R Manager Needs It In 2020

    Collections Dashboards HID Global uses today, and the scope for analytics in future

    Live Demonstration of the top-notch feature of HighRadius Receivables Analytics.
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    Yashwant Divakar, Solution Principal, HighRadius
    Join this discussion with Yashwant Divakar who is a Solution Principal at HighRadius to understand the role that automation could play in helping credit and A/R teams reduce past-due by as much as 30%, control bad-debt risk and optimize working capital.


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    Developing dynamic credit scoring models to minimize risk exposure
    Leveraging AI to predict invoice payment dates, and drive proactive collections
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    Bill Weiss, Vice President, Credit and Collections at HighRadius | Diana Crowe, CGA, Regional Director at NACM Southwest
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    2. Ready-to-use geography and industry-specific indicators, sentiment analysis, and risk models to re-profile your customer portfolio into risk segments and update your credit policy
    3. Quick-win technology to deploy for the automation of customer-level credit data aggregation along with rule-based credit scoring and real-time alerts for bankruptcies
    4. Framework to maximize receivables collections while balancing the customer relationship


    HighRadius recently hosted a panel of experts from leading credit bureaus to help credit managers restrategize credit policy and decision-making in a turbulent economy.

    In this session, Bill Weiss, Vice President, Credit and Collections at HighRadius and Diana Crowe, CGA, Regional Director at NACM Southwest, summarize the recommendations from these experts including insights from conversations with 20+ credit leaders. Join them for a one-stop guide to understand how you could make intelligent credit decisions, leverage the right sources of credit data and minimize risks while leveraging AI and other prediction based credit scoring models in the current environment.
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    ●How automating bank references with CONFIRMATION will lead to a faster and 100% verified response from in-network banks
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    ●How multi-lingual online credit applications can save you money on paper-based expenses in credit management

    Onboarding new customers in a volatile economic climate requires more due-diligence than before. Are you within an industry that has continual requests for credit applications and revisions requests from new and old customers? Technology can help automate and review your credit applications faster while ensuring that you make informed decisions.

    Join this session to hear from credit leaders and industry experts at HighRadius and CONFIRMATION. The speakers will discuss how you can digitize the credit application process, and the importance of automating bank and trade references. They will also provide a roadmap to deploy a highly automated end-to-end credit review process that streamlines the work while your analysts can focus on decision making.

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    - Josh Newmann, Director of Sales and John Carpenter, Customer Success Executive from Confirmation.com
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    1) Recommendations from credit experts on key risk indicators, financial metrics to track for accurate risk assessment
    2) Leverage ready-to-use geography-, industry-specific indicators, sentiment analysis, and risk models to re-profile your customer portfolio into risk segments and update your credit policy
    3) Understand quick technology tools to deploy to automate the aggregation of customer-level credit data, and rules-based credit scoring and real-time alerts for bankruptcies
    4) Create a framework to maximize receivables collections while balancing the customer relationship
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    Reduce past-due in A/R by leveraging AI for proactive collections
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    Enabling different strategies to apply for different customer accounts
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    2. Compare the Treasurer’s new responsibilities with the old ones
    3. List out the skills which are required to remain relevant in their career
    3. Identify the new set of KPI based on which they are likely to be evaluated

    Artificial Intelligence is now being hailed as the Fourth Industrial revolution!
    While the influence of the steam and electric revolutions was limited to the shop floor, it was the IT revolution that first altered the working habits of Treasurers. ERPs, TMS, and spreadsheets improved information access, eased collaboration, and improved efficiencies. The result was improved cash-flow forecasting, both a key driver to achieving precise working capital management and reaching treasury objectives.

    Today, Artificial Intelligence and automation are combining the skills of a computer and humans to once again reinvent Treasury functions such as cash forecasting, risk management, and cash management. What does this mean for the future of a Treasurer? Join us in the 30-minute webinar including Q&A where experienced Treasury professional and AI expert, Tracey Knight would be using Cash Forecasting as an example to give an end to end explanation of the New Cash Forecasting process.
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    Switching to “customer-centric” payment and invoicing options for B2B buyers

    Driving e-adoption rates with check-heavy customers using alternate payment methods.

    A sneak peak into the HighRadius EIPP Cloud, and deep-dive into the best in class features relevant for the current times
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    Tracey Ferguson Knight, Director- Solution Engineering Treasury, HighRadius
    In this webinar discover how:

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    2. Managers are able to get a consolidated view of all their different forecasts along with clear visibility into each forecast's methodology, assumptions.
    3. Variance analysis of historical forecasts at category level can help them estimate the accuracy of current forecasts
    4. How this strategic shift in the role would redefine the KPIs on which managers will be evaluated

    Artificial Intelligence is now being hailed as the Fourth Industrial revolution!
    While the influence of the steam and electric revolutions was limited to the shop floor, it was the IT revolution that first altered the working habits of treasury managers. ERPs, TMS, and spreadsheets replaced accounting books, improved information access, and eased collaboration. The result was better efficiencies which in turn broadened a manager’s scope of work but traditional challenges still remained. The forecasts were still unreliable with AR and AP continuing to remain inaccurate, their visibility into the forecast methods and assumptions has not improved and the speed with which they could get a forecast updated remains woefully slow.

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    Tracey Ferguson Knight, Director- Solution Engineering Treasury, HighRadius
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    1. How AI and automation have redefined the end to end Cash Forecasting Process
    2. How more strategic responsibilities are already replacing an analyst’s manual work routine
    3. The analytical approach which can help analysts capture the strategic insights from forecasts
    4. How this strategic shift in the role would redefine the KPIs on which analysts will be evaluated

    Artificial Intelligence is now being hailed as the Fourth Industrial Revolution!
    While the influence of the steam and electric revolutions was limited to the shop floor, it was the IT revolution that first altered the working habits of treasury analysts. ERPs, TMS, and spreadsheets replaced accounting books, improved information access, and eased collaboration. The result was better efficiencies which in turn broadened an analyst’s scope of work. However, this still didn’t eliminate the manual tasks from their routine nor did it allow them to work on more strategic initiatives such as improving forecasting accuracy through better modeling or churning out better forecasts with lesser effort and time.

    Today, Artificial Intelligence and automation are combining the skills of human and machine to once again reinvent Treasury functions. What does this mean for the future of an Analyst? Join us in the 30-minute webinar including Q&A where experienced Treasury Professional and AI Expert, Tracey Knight would give an end-to-end explanation of the improved role of an Analyst using AI-enabled Cash Forecasting.
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    Learn how Mercury Marine reduced its credit risk by focusing on high credit exposure
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    Yet, despite its importance, most organizations still struggle to consistently produce accurate cash flow forecasts - largely due to the high unpredictability of Accounts Receivable.

    Enter Artificial Intelligence.

    AI has the ability to not only automate existing processes, but to actually improve the output, resulting in highly accurate, instantly accessible cash flow forecasts with drill-down capabilities.

    Join our webinar to:
    Understand the specific ways that AI improves cash flow forecasting accuracy
    Receive a live demonstration of an AI-based cash forecasting solution
    Learn how to leverage existing customer status to improve your AR forecast with a risk-free subscription to AI-based Cash Forecasting
Improving Order-to-Cash with technology, best practices, and AI
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  • Title: A Robot Could Cut Your DSO in Half: How Ferrero Uses RPA and AI for Cash Applica
  • Live at: Mar 22 2019 9:55 am
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