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Keurig Dr Pepper Reveals how Automation helped Save $2.5 Million in One Year

Impact Achieved

98%

Payments Auto-Applied by the System

92%

of Short Payments Auto-Identified

56%

Resources Reallocated to Critical Tasks

We have seen financial services costs decline by $2.5M while the volume, quality, and productivity increase.

Colleen Zdrojewski

Vice President – Financial Services

Dr Pepper Snapple Group

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About Keurig Dr. Pepper

Keurig Dr. Pepper, a leading beverage company in North America, brought their payments processing in-house with a cash application software to save millions of dollars in their annual run rate

Region

North America

Revenue

$11B

Employees

25000

Top Challenges

  • Lack of real time visibility in payment statuses of outsourced accounts.
  • Manual cash application and deductions coding for e-payments
  • Manual remittance aggregation from various sources leading to delayed cash posting

Business Benefits

  • Real time visibility into payment statuses to other A/R teams facilitating better CX
  • Automated invoice matching and deductions coding to ensure faster cash application
  • Seamless capture of remittance information from various payment formats to help automate the process.

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Land O’Lakes

18%

Number of Deductions Resolved

~2M

Closed Deductions by Dollars

9%

Reduction in DSO

Danone

$20M

Recovered From Invalid Deductions

98%

Automated Cash Application

25

Days Reduced DDO

COTY

87%

Automated payments Processing

95%

Deductions auto-Coded by the system

60%

Reduction in Team-size across three regions