Evolution of AR Forecasting Best Practices at Duracell: Case Study

Speakers

Steven Wurst

OTC Leader,
Duracell

Ganadeep Rey Patlolla

Business Systems Consultant and Program Manager,
Duracell

Transcript

[00:00] Steven Wurst: Hey good morning everyone. Thanks for coming out. I hope you hear me. Okay, you hear me. Okay good. So my name's Steve. I'm with Duracell. We're going to be talking about the Cash Forecast before Accounts Receivable. And I get to kind of bring into it a little bit of the process where we started. And then to where we are now. With four years in HighRadius and collaborating to do it even better to and kind of bring it to the next level. So Duracell is a company that I'm thinking a lot of you might know about. We're a major consumer product company. So we're an American manufacturing company. We have batteries. And we make smart power systems. Some quick history, Duracell was for a while bought long term owned by Procter and Gamble. And four years ago there was a transition where we moved. We kind of started from scratch when it comes to many of our processes and finance as well. I mean we've got new people for my finance department. We got a new U.S. AC that's in Pete’s system but we didn't have a lot of those reporting capabilities or…

What you'll learn

In this session, Order to Cash leader Steven Wurst speaks about the 4 stages of evolution which the receivables cash forecasting process at Duracell underwent, observing the challenges faced in each stage and how it overcame them using continuous improvement and technology.

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HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.