Automating Cash Application Across 11 ERP Instances To Upgrade Accounts Receivable

Impact Achieved

94%

Payments Applied Automatically to the ERP

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Increased visibility into customer remit across the organization

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Increased Productivity due to Reduction in Overtime

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About Wesco

Wesco, a leading B2B distribution supply chain company scaled automation across 30 business units encompassing 85% of their Account Receivables through HighRadius Cash Application solution.

Employee

18000

Revenue

$ 8.177 Billion (2018)

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Top Challenges

  • Difficulty in timely Cash Application with 9 analysts handling 8 million payment invoices
  • Increased workload to aggregate data to process ACH payments.
  • Duplication of work for the collections team and lack of visibility over customer portfolios for the credit team

Business Benefits

  • Automated invoice matching helped them process the payments faster.
  • Seamless capture of remittance information from various payment formats ensures faster payment linking processes.
  • Touchless dunning strategizes their collection process and credit decision history provided 360 degree view of customer profiles.
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