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Witnessing 90% Reduction in Past-Dues by Automating Deduction Resolution

Impact Achieved

+90%

Past Due Reduction

3X

Faster Cash Posting

82%

Straight-Through Processing

50%

Headcount Reduction & Faster Resolution

Now anyone can go on a deduction in HighRadius, look at the notes history, look at the attachments, link to the backup that might be in cash apps, and anyone can look at and tell that deductions story without having to find the actual people who work there.

Marjorie Beede

Accounts Receivables Manager

Ardent Mills

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About Ardent Mills

Ardent Mills, North America’s leading flour supplier and grain innovator leveraged HighRadius A/R automation to achieve 3x faster straight-through cash processing

Employee

1,001-5,000

Revenue

$524.6 Million (2019)

Geography

NA

Top Challenges

  • Long delays incurred in Collections process due to manual collections worklist prioritization.
  • Heavy OPex incurred due to expensive bank lockbox keying-in services.
  • Team productivity lost in time-intensive manual aggregation of remittance data across multiple sources.

Business Benifits

  • AI-based dynamic prioritization to segregate and prioritize customers for the collectors.
  • AI-powered OCR engine to accurately capture remittance data from check stubs.
  • Auto-aggregation of remittance data across email body, attachments, password-protected files, EDIs and A/P portals.
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Explore More Transformation Stories

Kichler Lighting

54%

Reduction in ADD

99%

Correspondences Sent Automatically

40%

Increase in employee productivity

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Duracell

60%

Savings in Employee Resource Costs

76%

Improvement in Average Days to Resolve Deductions

Same

day automated cash-posting

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JBS

$6.4M

Recovered in Working capital

Zero-touch

straight-through payment processing

2 FTEs

Reallocated to critical tasks

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© 2023 HighRadius • All rights reserved
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