$30 Million Added In Cash Flows.

Impact Achieved

$30M

in Working Capital Unlocked

$5.5M

Saved Annually in Credit Card Fees

9-Day

Reduction in DSO

99%

Automated Bank Reconciliation (45K+ items auto-matched monthly)

“HighRadius replaced our manual, low-visibility forecasting with a revolutionary AI solution, giving us complete confidence in our data. This foundation of scalable analytics and clarity now equips us to make the bold, growth-oriented decisions that drive our company’s financial health and sustained success.”

case-study-speaker

Holly DeSantis,

EVP & CFO, Konica Minolta Business Solutions,

U.S.A, Inc

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About Konica Minolta

Konica Minolta, a Japanese multinational technology company, manufactures a diverse range of products. These include business and industrial imaging solutions like copiers and printers, as well as medical imaging equipment, optical devices, and textile printers, serving customers worldwide.

Revenue

$8 Bn+

Employee Count

40,000+

Region

Tokyo, Japan

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Top Challenges

  • High DSO and Trapped Working Capital: The company’s Days Sales Outstanding (DSO) climbed as high as 75 days, which left nearly $30M in cash trapped in working capital.
  • Inefficient Manual Cash Application: Only 3% of the 500 daily electronic payments were posted straight-through, requiring five specialists to manually reconcile the remaining 97% line by line.
  • Costly Payment Methods: A heavy reliance on credit cards and paper checks resulted in over $5.5M in annual card fees and significant processing costs for 50,000 checks received per month.
  • Ineffective Collections Strategy: More than 50 collectors managed 75,000 customer accounts without any risk-based prioritization, treating self-paying and delinquent accounts with the same level of attention.

Business Benefits

  • $30Mn Added in Cashflows
  • 3x Increase in Customer Coverage and Outreach
  • 2x Reduction in Credit Risk
  • $400K in Interest Saving & $30M Reduction in Loan Balances
  • 98.6% Forecast Accuracy & 75% Faster Close
  • 83% Adoption of E-payments
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