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Leveraging Technology to Navigate a Complex ERP Landscape and Driving 100% Improvement in Productivity

Impact Achieved

100%

Improvement in A/R Team Productivity

67%

Reduction in Customer Onboarding Time

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About Mercury Marine

Mercury Marine, an industry-leading developer and manufacturer of a broad range of marine propulsion systems, leverages technology To proactively drive periodic credit Reviews for its customers.

Region

North America

Revenue

$1B

Employees

2000+

Mercury Marine

Top Challenges

  • The credit team had to manually aggregate data and enter the manually on spreadsheets and ERP.
  • For new customer applications, onboarding time was 4.5 days and the applications were prone to error.
  • For new customer applications, onboarding time was 4.5 days and the applications were prone to error.

Business Benefits

  • Credit data and reports are automatically extracted from 40+ credit agencies like Experian and Equifax.
  • The shift of inputting data from paper to online, helped them eliminate longer customer onboarding time.
  • The solution prioritizes high risk accounts by identifying the accounts with large amounts outstanding and reduce credit risk.
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© 2023 HighRadius • All rights reserved
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