Slashing Payroll Processing Time by 5X

Impact Achieved

80%

Reduction in
Person-Hours to reconcile

Centralized

Platform for Payroll
JEs across Currencies

~100%

Elimination of
Spreadsheet Dependency

Customer Digest

HighRadius transformed our financial close and reconciliation process, optimizing payroll journal entries and reducing people-hours by 5X, from 80 hours to just 5!

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highradius

Top Challenges

  • Different payroll processes across geographies
  • Time-consuming and mundane accounting tasks
  • Manually collating data & cross-departmental approval was a highly reactive price
highradius

Business Benefits

  • Reduced manual efforts by 5x — from 40 Man-Hours to 8 Man-Hours.
  • Improved visibility for the Approver
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Konica Minolta – Treasury

98.6%

Forecasting Accuracy

87%

Improvement in Cash Management Efficiency

$400K

in Interest Savings Unlocked in 90 days

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Danone Treasury

99.3%

Receivables Forecasting Accuracy

37%

Reduction in Past-Due Balances

30%

Reduction in Manual Forecasting Effort

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