Refining Cash App with 86% Automation and Boosting Productivity by 40% with HighRadius Solutions

Impact Achieved

54%

Reduction in ADD

99%

Correspondences Sent Automatically

40%

Increase in employee productivity

86%

Auto-Applied by the System

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ABOUT KICHLER LIGHTING

Kichler Lighting Corporation, a market leader in residential lighting design, contract manufacturing, and distribution, eliminated manual and inefficient receivables processes with HighRadius Analytics-Led A/R Solutions.

Region

North America

Revenue

$297M

Employees

700+

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Top Challenges

  • Missing remittances for payments complicated their cash application process.
  • Manual remittance aggregation from multiple sources and manual identification & coding of deductions.
  • Inefficient past-due recovery due to lack of time and resources.

Business Benefits

  • AI-based remittance prediction helped them achieve same day, accurate cash posting for all invoices.
  • Automated remittance capture from various sources with auto-deductions coding for an efficient cash application.
  • Analysts use AI-enabled worklists to prioritize high risk accounts for faster recovery.
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© 2024 HighRadius • All rights reserved
Corporate Headquarters

HighRadius Corporation
2107 CityWest Blvd,
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