99.3% Accurate Receivable Forecasting Over 6-Months

Impact Achieved

99.3%

Receivables Forecasting Accuracy

37%

Reduction in Past-Due Balances

30%

Reduction in Manual Forecasting Effort

100%

Automation of Bank Data Integration with 98% tagging accuracy

“With HighRadius, forecasting transformed from a manual, error-prone task to a push-of-a-button process. We now achieve accuracy in the high 90s using dozens of variables Excel could never handle. This has freed our team from daily manual effort and built true confidence in our numbers across the business.”

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Jacob Whetstone

Director-Credit and Accounts Receivable

Danone

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About Danone Treasury

Danone is a global food and beverage company with a portfolio of products that includes dairy and plant-based items, waters, and specialized nutrition. Committed to bringing health through food, Danone focuses on creating nutritious products that cater to various consumer needs.

Revenue

$8 Bn+

Employee Count

100,000+

Region

North America

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Top Challenges

  • Inaccurate and Infrequent Forecasting: Treasury relied on manual, Excel-driven forecasts that were only performed twice a year and often had accuracy gaps as wide as 30% at the regional level.
  • Reactive A/R Management: The lack of early warnings for delayed invoices or slow-paying accounts led to a reactive process, with past-due balances being a significant issue.
  • Excessive Manual Effort: Analysts spent weeks performing manual, line-by-line variance checks and consolidating ERP extracts for each forecast.
  • Fragmented and Excel-Reliant Processes: Forecasts were built in isolation by each region using Excel, making it difficult to consolidate data for over 1,000 accounts and creating blind spots in cash visibility.
  • Delayed Insights and Missed Opportunities: Manual variance checks delayed critical insights until after liquidity decisions had already been made, causing the company to miss investment opportunities worth up to $100K per day.

Business Benefits

  • 99.3% Forecast Accuracy vs. 30% Variance
  • 37% Reduction in Past Dues
  • 30% Less Manual Effort
  • Forecast Horizon Extended to 6 Months
  • 95%+ Accuracy on Global Inflows and Outflows
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