Konica Minolta Improves Cash Forecast Accuracy by 20% and Cash Flow Volatility by 15% While Boosting Daily Efficiency- From 2 Hours to 15 Minutes!

Impact Achieved

15%

Average Reduction Cash Flow in Volatility

20%

Improvement in Cash Forecast Accuracy

2 Hours to 15 Minutes

Accelerated cash management daily

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About Konica Minolta

Konica Minolta, a Japanese multinational technology company, is headquartered in Tokyo. Despite its global presence, with

offices in 49 countries, the company encountered challenges in cash management and forecasting. 

These challenges stemmed from limited visibility into subsidiary cash forecasting, a lack of scalable reporting and analytics capabilities, and a reliance on manual activities.

Headquarters

Global

Revenue

$8 Billion

Industry

Office Technology

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Top Challenges

  • Inability to segment cash flows by customer channel with restricted visibility into subsidiary cash forecasting
  • Manual collection of data from various sources, followed by categorizing actuals in spreadsheets
  • Absence of a uniform methodology for integrating forecasts from multiple entities
  • Constrained capabilities in actionable reporting and analytics with dependence on increasing headcount or technology to scale operations

Business Benefits

  • 15% Average Reduction Cash Flow in Volatility
  • 20% Improvement in Cash Forecast Accuracy
  • 2 Hours to 15 MinutesAccelerated cash management daily

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Accuracy Achieved in Monthly Forecasts

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Reduction in Time Spent on Manual Tasks

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

Daily visibility

across all global bank accounts

60-day

automated cash forecasts

Detailed variance analysis

capabilities

HNTB

Up to 95%

Accuracy in A/R & AP forecast

Improved Visibility

Into daily and monthly forecasts