97% Hit Rate with Automation

Impact Achieved

500K

Payments processed

97.08%

Item Level Hit-Rate

55%

Increase in EDI-based Hit-Rate automation

Before, we were starting to lose business to competitors because it was taking us generally two days to onboard a customer. Now we can onboard a customer in less than an hour. So HighRadius really helped with that

case-study-speaker

Lawrence Carrol

AR Shared Services Manager

Martin Marietta

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ABOUT MARTIN MARIETAA

HighRadius helped Shared Services at Martin Marietta, an American supplier of aggregates and heavy building materials, to leverage operational efficiency and get a 97% hit rate in cash application

Employee

8714 ( 2019)

Revenue

$4.7 Billion (2020)

Geography

NA

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Top Challenges

  • Lack of standardization & inconsistencies in data due to
    decentralized processes.
  • Lack of visibility across the overall credit risk exposure of the organization.
  • Team productivity lost in time-intensive manual aggregation of remittance data across multiple sources.

Business Benifits

  • An integrated, single source of truth to secure acute visibility and uniformity across all BUs.
  • 360-degree view across all the customer profiles to stay on
    top of credit risks.
  • Auto-aggregation of remittance data across email body, attachments, password-protected files, EDIs and A/P portals.
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