|Event Date||Tue Sep 21 EDT (about 1 month ago)|
With the pandemic economy in the rearview mirror, the main objective of CFOs and finance teams in 2021 is to chase new, uncharted streams to drive revenue growth, and the Credit department offers a unique opportunity to achieve that objective. The Hackett group in a 2020 research discovered that the practice of early involvement of credit function in the sales process can lead to a reduction of 8.4 days from the Average Days Delinquent (ADD) metric, improving the risk profile of the receivables significantly.
A volatile environment has offered a unique opportunity to the Credit management teams to start contributing to AR business outcomes like revenue growth, working capital, and sales enhancement. With technology as an enabler, this is the right time to put a protective shield around Credit management and future proof your business from revenue risks and build long-term resilience.
Director of Digital Transformation, HighRadius.