How Land O’Lakes Buttered Up the Bottom Line by Recovering 66% of Invalid Deductions with HighRadius

Impact Achieved

2x

Efficiency in trade resolution: Reduced from 4 FTEs to 2 FTEs

20%

Increase in productivity per employee

Top Quartile

Days Deduction Outstanding (DDO) Half of the Industry Benchmark

Video Testimonial
Read Full Story

About Land O’Lakes

Land O'Lakes, Inc., one of America's premier agribusiness & food companies, transformed its Deductions process to achieve a 9% reduction in DSO.

Region

NA

Revenue

$14.90 billion

Employees

9000

vector-img

Top Challenges

  • Manual, Multi-Stage Deductions Management
  • Multiple Software and Data Source Interactions
  • Increasing Deductions Volume with Paper-Based Workflow and Bulky Imaging Repository

Business Benefits

  • Centralized System for Enhanced Record-Keeping and Accessibility
  • Improved Organization and Customer Presentation-Streamlining the Repayment Process
  • Increased Credibility and Confidence in Collections

Explore More Transformation Stories

BlackHawk

60%

Increase in Overall Productivity

95%

Faster Dispute Resolution

96%

Reduction in Open Deductions

Danone

$20M

Recovered From Invalid Deductions

98%

Automated Cash Application

25

Days Reduced DDO

Church & Dwight

85%

Decrease in unidentified deductions

30%

of Analysts’ time saved

100%

Deductions auto-coded at source