Securing 87% Automated Payment Processing & enhanced Team Efficiency with A/R Automation

Impact Achieved

87%

Automated payments Processing

95%

Deductions auto-Coded by the system

60%

Reduction in Team-size across three regions

HighRadius is very accustomed to work with SAP, we are learning from HighRadius partnership in how we can change the way we process cash and make the process even faster

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Anne Addabbo

Director, North America A/R and Deductions Management

Coty US

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ABOUT THE COMPANY

Coty Inc., an American-French multinational beauty company, leveraged HighRadius A/R automation to automate payments processing and foster business growth

Employee

20,000 (2018)

Revenue

$9.4 billion (2018)

Geography

NA

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Top Challenges

  • Team productivity lost in time-intensive manual aggregation of remittance data across multiple sources.
  • Lack of standardization & inconsistencies in data due to
    globally diverse business units.
  • Difficulty in identifying deductions due to manual and error-prone Deductions coding.

Business Benifits

  • Auto-aggregation of remittance data across email body, attachments, password-protected files, EDIs and A/P portals.
  • An integrated, single source of truth to secure acute visibility and uniformity across all BUs.
  • Auto-identification and coding of deduction at the
    source level.

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Sovos Brands

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Auto-Aggregation of E-mail & Web Remittances

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Resources Reallocated to Critical Tasks

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Auto-Aggregation of Check Remittances

Danone

$20M

Recovered From Invalid Deductions

98%

Automated Cash Application

25

Days Reduced DDO