Starbucks spills the beans on the challenges that arose with processing multiple payment methods - from checks to ACH, dealing with decoupled remittances from email, spreadsheets, and web portals, and accurately identifying invoice numbers, handling discounts, and posting cash for hundreds of thousands of line items each month.
With annual revenues of $18B and 160+ subsidiaries, adidas group had high costs for credit-to-cash operations globally. Learn the adidas group way to identify A/R problem areas and solutions that address concerns and turn these same issue-riddled areas into star performers for customer service, DSO improvement and operating cost reduction. Also in the session, adidas group will discuss best practices for choosing software systems that manage invoicing, collections, credit and dispute management.
Tony leads Next Generation Shared Services for Procter & Gamble Global Business Services (GBS). Buckle your seatbelt as he evaluates three trends that are redefining credit and A/R operations and why you cannot afford to sit on the sidelines. See how the cloud, robotic process automation, Artificial Intelligence and the increasing need for collaboration between A/R and A/P is transforming accounts receivable and how you should prepare.
This expert-led, hands-on session identifies and guides the audience through specific process improvements that are easy to implement yet deliver significant, quantifiable improvements to deductions operations. The focus on quick impact enables immediate changes to a team’s day-to-day activities without dependency on external factors or extensive internal IT.
Hear how Land O’Lakes improved the recovery of deductions for 1,500 customers and brokers by moving from an end-of-life manual deduction management system to one that presented their deductions analysts with research-ready deductions. See how they slashed time to collect deduction backup documentation from paper, emails and web portals, eliminated wasted time due to communication between stakeholders, and reduced DDO.
McCormick is a $4.3B global leader in spices, herbs and flavors with facilities in 26 countries. McCormick’s sales and distribution model is primarily broker-led, complicating the deductions management process given the large number of stakeholders and systems in play. Learn how McCormick implemented a holistic approach to streamline the deductions process by automating trade vs. non-trade deductions to help the internal and broker-led teams.
J.J. Keller is a leading provider of compliance services and products while serving 90%+ Fortune 1,000 companies and 500,000 other companies in the US. The credit and A/R team was tasked with the challenge of moving away from a home-grown system to an automated system for the credit-to-cash process. The session will showcase J.J. Keller’s automation initiatives to achieve 20% reduction in bad-debt and past-due A/R while scaling operations to hundreds of thousands of customers.
Discover how to do a lot more with less in credit operations and increase the productivity of credit managers and analysts for common tasks including blocked order reviews, credit limit requests and periodic credit reviews. The session discusses the critical ways to leverage technology to implement best practices and speed up decision making among credit teams while switching from a reactive and manual credit management process to one that is automated and proactive.
EmployBridge, the largest industrial and specialty staffing supplier in the United States, unveils their secrets for best practices and technology around payments processing that enable services companies to jump-start their credit and A/R operations with significantly higher cash application hit rates for almost two-thirds savings in costs.
This expert-led, hands-on session identifies and guides the audience through specific process improvements that are easy to implement yet deliver significant, quantifiable improvements to deductions operations. The focus on quick impact enables immediate changes to a team’s day-to-day activities without dependency on external factors or extensive internal IT.
Learn how to deploy technology to facilitate quick and cost-effective payments from customers of all sizes.
With the growth of electronic payments, cash application automation is encountering new issues of scalability. Learn how Coty leveraged technology to automate electronic payments and provide a scalable system that was able to quickly grow and expand from the US to other geographies and absorb a newly acquired business unit with different systems.
Learn how to implement cutting-edge receivables management technologies to bring outsourced BPO operations back in-house while improving quality and without increasing OPEX.
Marinko leads the Corporate Credit Services at ShurTech Brands LLC. Hear how he talks about the rapid business growth bringing new challenges to collections teams such as focusing on high-priority accounts, controlling past dues and standardizing dunning processes. The collections team at ShurTech, makers of the original ‘duct-tape’, faced this situation. With a growing customer base, ShurTech found it problematic to scale their operations with the existing resources. To overcome these obstacles, ShurTech brands implemented industry best practices supported by a next-generation collection management solution.
This session examines how ShurTech modernized their collections practice to reduce past due receivables by 75% and automated dunning correspondence completely.
Learn how Coleman knocked over their Customer-Related Issues, Bank-Related Issues, Cross Functional Challenges and increased their on-invoice auto apply rate to 94%, applied their cash on the same day it was paid, reduced post audit losses, automatically captured their deduction details and much more.
Are you looking for better time efficiency of your A/R processes, less keystroking for less errors, automation in processes, integration with SAP® Systems, easier PCI-DSS Compliance?
You can overcome all these challenges and save up to 70% of your time and reduce your DSO by 1-1.5 days, just like Yaskawa did. Discover how by watching the complete session.
Are all your checks still processed manually? Is deduction processing a challenge? Dealing with a high DDO and Bad Debt Write-off?
Learn how Sun Products crushed all these problems by enabling an automated and centralized system for their A/R processes.
Find out how Johnson & Johnson is achieving 95% auto cash application (excluding the exceptions), using a portal for user-friendly ticket tracking and payment details and getting EDI remittance report emailed daily. This expert hands-on session identifies and guides through the specific process improvements that are easy to implement yet deliver significant, quantifiable results to the Cash Application processes.