Unlocking Treasury's Full Potential: Ascend Performance Materials Harnesses HighRadius for Unified Cash Management & Forecasting

Impact Achieved

Daily visibility

across all global bank accounts

60-day

automated cash forecasts

Detailed variance analysis

capabilities

About Ascend

Ascend Performance Materials, the global leader in nylon 6,6 resin production, navigated significant growth and transformations, facing challenges with a complex treasury landscape, including manual processes and limited global cash visibility.

Headquarters

Houston, TX

Founded

2009

No. of Employees

3000

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Top Challenges

  • Ascend’s forecasting process was predominantly manual and prone to inaccuracies leading to forecasting errors.
  • Limited staff capacity constrained strategic treasury activities.
  • Poor global cash visibility hindered entity support and efficient cash utilization.

Business Benefits

  • Daily oversight of global bank accounts
  • Automated 60-day cash forecast
  • Detailed variance analysis capabilities
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© 2024 HighRadius • All rights reserved
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