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Improved Working Capital By Recovering $20M From Invalid Deductions With A/R Automation

Impact Achieved

$20M

Recovered From Invalid Deductions

98%

Automated Cash Application

25

Days Reduced DDO

75%

Productivity Improvement

With HighRadius, everything is connected, and we have a single source of truth. They have always wanted to see us succeed as well, and so we’ve had great success just partnering with them.

Jacob Whetstone

Director, Credit and Accounts Receivable

Danone

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About Danone

Danone, an industry-leading F&B manufacturing company, achieved 98% straight-through cash application while mitigating bad debt due to invalid deductions.

Employee

1,02,449 (2019)

Revenue

$25.3 billion (2019)

Geography

NA

Top Challenges

  • 250+ Hours spent on application of e-payments; Increased complexity with manual remittance capture from 25+ portals.
  • Manual mapping of customer reason codes to ERP specific reason codes for 4000+ deductions.
  • Lack of time and resources to identify invalid deductions causing high write offs.

Business Benifits

  • Seamless Cash Application with automatic capture of payment Information coupled with auto-aggregation of remittance data.
  • Efficient deduction resolution and recovery with automated reason code identification and mapping.
  • Automatic write off of low dollar value-valid deductions based on business rules.
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Keurig Dr Pepper

98%

Payments Auto-Applied by the System

92%

of Short Payments Auto-Identified

56%

Resources Reallocated to Critical Tasks

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Ferrero

67%

Reduction in ADD

28%

Decrease in DSO

1000+

Hours Saved every year with Auto-Correspondence

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Johnsonville

43%

Increase in Deduction Claims

89%

Increase in Hit Rate for Checks/Electronic Payments

4.4%

Decrease in Open AR

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© 2023 HighRadius • All rights reserved
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