Collections Cloud

What is Collections Cloud?

HighRadius Collections Cloud provides a complete set of tools to optimize and automate the credit and collections management process.

The HighRadius Collections Cloud provides a complete set of tools to optimize and automate prioritization of collections activities and dunning, improve collector productivity and reduce past-due accounts receivable.

Input: Open A/R, invoices, dispute, POD, and claims information are extracted from ERP
Process: Rules and strategies, driven by dynamic parameters and AI-powered customer level insights, are leveraged
Output: Prediction of invoice payment date, real-time prioritized worklist, automated dunning correspondence are possible

With a prioritized worklist driven by predefined business rules, readily available backup information and automated dunning correspondence, collectors are able to contact more accounts and centrally track collections activities for proactive review and follow-up.

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Collections Cloud Awards

Collections Cloud currently scores 88/100 in the Supply Chain Management category. This is based on user satisfaction (93/100), press buzz (46/100), recent user trends (rising), and other relevant information on Collections Cloud gathered from around the web.

The score for this software has improved over the past month. What is this?

www.highradius.com

Supply Chain Management Market Radar

Collections Cloud Product Overview

Languages Supported: English, German, French, Portuguese, Spanish, Italian

Supply Chain Management Software Buyer Guide 2024

Product recommendations, vendor rankings, market overview and tips on how to select Supply Chain Management software for business. Published in October 2024.

To assist procurement managers with the complex task of planning and scheduling, supply chain management (SCM) software is build around the optimization of in- and outbound goods. Core functionality offered by common SCM applications are inventory or catalo...

FREE DOWNLOAD Supply-Chain-Management-Software-Buyer-Guide-2018.pdf

Collections Cloud Features

2-Factor Authentication
A/B Testing
Accounts Receivable
Analytics
API
Balance Sheet
Batch Permissions & Access
Billing/Invoicing
Budgeting
Calendar Management
Contact Management
Conversion Tracking
CRM Integration
Customer Management
Dashboard
Data Export
Data Import
Data Visualization
Expense Tracking
External Integrations
Forecasting
Inventory Tracking
Keyword Tracking
Link Tracking
Multi-Currency
Multi-Site
Multi-User
Notifications
P&L
Payment Processor
Payroll
Project Management
Referral Tracking
Scheduling
SEO
Supplier Management
Tax Management
Third-Party Plugins/Add-Ons
Shipping Management
Order management
BitCoin
PayPal
Stripe
SAP Integration
Route Optimization

Collections Cloud FAQs

What are some applications Collections Cloud is commonly used in tandem with?

The HighRadius Collections cloud is used in conjunction with HighRadius Credit Cloud, Deductions Cloud, and EIPP Cloud.
The Credit Cloud software automatically identifies the high-risk accounts, prioritizes them and ensures faster collection of these receivables, thus reducing bad debt and DSO.
The collections cloud creates a deduction line when a deduction is observed in the payment, ensuring faster deduction resolution and less DDO.
The EIPP Cloud provides automated invoice transmission and payment portal for faster payment collection and better customer service.

It integrates with CRM, ERPs, Customer Portals and Third Party Websites to ensure the availability of data across different systems.

What is Collections Cloud generally used for?

Predict invoice payment date
Prioritize collector worklists
Automate dunning via email, fax, and print and mail
Centralize tracking of all call logs, payment commitments, tasks, and correspondence notes for every customer in a single system
Capture invoice disputes, create and share pre-deduction information, and initiate workflows for dispute resolution
Cash forecasting
Pull customer-posted invoice information automatically from customer portals and third-party websites

Does Collections Cloud integrate with any other apps?

Customer portals and third-party websites.

Does Collections Cloud offer guides, tutorials and or customer support?

Yes

Does Collections Cloud offer an API?

Yes

What platforms does Collections Cloud support?

The HighRadius Collections Cloud integrates with all major ERPs (like SAP, Oracle), customer portals, and third-party websites.

Does Collections Cloud offer multi-user capability (e.g. teams)?

Yes. This software provides the ability to change the owner of an open A/R (analyst responsible to work on the collection of that open invoice) based on unique requirements.

Who are the main user groups of Collections Cloud?

Credit and Collections Analysts
Credit and Collections Managers
Directors of Credit and Collections
Credit Controller
Treasurer

Collections Cloud Alternatives

Collections Cloud Alternatives & Competitors

Collections Cloud User Reviews

Collections Cloud was submitted by Ryan Wehmeyer from HighRadius

Page last modified: October 09, 2024 10:44

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