Sanofi's Cash Application Process Transformation Story | HighRadius

Applied 94% of Payments Automatically to the ERP across 50 Countries by Automating Cash App Process

Impact Achieved

94%

payments applied automatically to the ERP

100%

deductions auto-coded

48%

of total payments managed through one system

“HighRadius was able to provide a solution that eliminated manual operation by providing efficiency throughout our A/R processes.”

case-study-speaker

Laurent Gueritaine

Global Process Owner, Invoicing to Cash

Sanofi

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About Sanofi

Sanofi, a French multinational pharmaceutical and healthcare company , optimized their A/R globally across 50 countries by automating their Cash Application to efficiently reduce workload by 50%.

Region

EMEA

Revenue

$37.7B

Employees

95k

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Top Challenges

  • Unstandardized processes due to heterogeneous processes and tools
  • Lack of operational efficiency due to manual cash application process
  • Delay in processing payments as maximum payments came through wire transfer

Business Benefits

  • Faster receivables conversion & increased visibility due to connected A/R processes
  • Reduced manual workload with straight-through cash posting in complex scenarios
  • Reduced manual workload through wire transfer by 62% with seamless capture of payment and auto-aggregation

Explore More Transformation Stories

Intuitive Surgical

100%

Increase in Auto-Posting Rates

230K+

Annual Savings In Actual Spends

70%

Decrease in Rolling Cash Unapplied

ResMed

96%

Cash Posting Hit-Rate

100%

Deductions auto-coded

33

33 Days reduction in DSO

Johnson & Johnson

95%

Automated Cash Posting

43 Days

Reduction in DDO

6 Months

Reduction in Customer Setup Time

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