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REDaxis

Accounts Receivable is a key function, directly impacting the top line and bottom line performance of an organization. If the sales teams responsible are not enabled to manage the collections process, it can lead to delayed payments or losses due to write-offs. Furthermore, painful follow-ups can negatively impact customer relationships.

Enterprises handling large volumes of transactions, face the challenge of not having a simple process or tool to collate data in a meaningful way, thus ensuring necessary & timely action. Enter REDaxis (Reduce DSO exponentially through automation, insights and statistical modeling), LTIMindtree’s powerful persona-based Analytics Suite, built to optimize Accounts Receivable (AR) Operations through actionable insights and enhanced user experience, thus enabling execution from the point of identified action.

This Suite helps improve relationships between sales teams & customers during the collections process, thus delivering exponential savings to our clients.

12

Case Study

Global CPG Major Attains Improved Cash Collection and Accounts Receivable Productivity with LTIMindtree’s REDaxis Solution


Case Study


Factsheet

REDaxis: bring insights to actions
It is a Comprehensive Insights-driven Accounts Receivable Suite...


Factsheet


Key Features


  • A Design Thinking approach to problem-solving and identification of the most lucrative business opportunities.
  • Zero lead time between request-to-data-to-insights delivery-to-actions.
  • Delivers pre-built analytics solutions, accelerators and advanced visualizations at the granular level.
  • Powered by Fosfor , solutions developed for ERP customers, specializing in streamlined data sourcing and simplification of data development.

Benefits


  • Context / Role-based Analytics Insights through Dashboards/Reports.
  • Enhanced User Experience through advanced visualizations and Mobile BI.
  • Executive Insights highlighting priorities among the Business As Usuals.
  • Scalable Architecture to cater to business growth & users from multiple geographies.
  • Pre-built Analytics solutions, accelerators and advanced visualizations through the Analytic Solutions Marketplace.

How Can REDaxis Help?

Business Challenges


  • Lost time between request-to-data-to-insights delivery-to-actions
  • Inefficient user experience in democratizing analytics
  • 80-90% of time spent in data collation and preparation, instead of analysis
  • Scarcity of analytics and data science savviness

REDaxis Difference


  • Action oriented intuitive customer experience
  • User Interface personalized to roles and business goals
  • Inherent design thinking approach for continuous opportunity identification
  • Architected to minimize data collation efforts and maximize scientific data analysis

LTIMindtree Promise

Accelerated Speed to value

Accelerated Speed to value

Design Thinking-based personalization

Design Thinking-based personalization

State of the art platforms and connectors

State of the art platforms and connectors

The Components

REDaxis Beneficiaries

Business Executives


  • Helps make impactful business decisions by analyzing diverse data.
  • Accelerates data-to-insights journey for business stakeholders.

Data Scientists


  • Simplified analysis and modeling, using drag-and-drop tools.
  • Self-serve data preparation activities help reduce dependency on IT.

IT Executives


  • Reduces the Total Cost of Ownership by leveraging enterprise-grade open source components,
    cloud/ commodity hardware.
  • Ability to quickly respond to business demands around data and insights.

Data Analysts & Developers


  • Simplifies large and complex data through an easy-to-use platform.
  • Effectively manage infrastructure, cluster, provisioning, data workflows through an admin console.

Business Outcomes

 
Improved visibility in customer payment behavior

Improved visibility in customer payment behavior

Real-time information on pending collections

Real-time information on pending collections

Lowered probability of customer delinquency

Lowered probability of customer delinquency

Improved Cash flows

Improved Cash flows

Improved collection efficiency

Improved collection efficiency

LTIMindtree REDaxis leverages Analytics and Machine Learning to reduce Days Sales Outstanding and Improve Cash Flow

AR is a key function for all the companies, directly impacting the cash flows. LTIMindtree REDaxis promises to reduce Days Sales Outstanding (DSO) by up to 10% and decrease Unearned Cash Discounts (UCD) by as much as 25%, thus, delivering exponential savings to clients.

Integrated with Big Data, Machine Learning, Artificial Intelligence and Advanced Automation capabilities, LTIMindtree REDaxis is a unique offering in this space with key features like:
· Pre-built accelerators, advanced visualizations and mobile BI
· Predictive algorithms to detect DSO patterns, potential write-offs and false discount claims
· Highlights, executive insights and priorities through customized and intuitive dashboards
· Scalable architecture that caters to business growth and users from multiple geographies

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