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Achieving a 95% hit rate with an automated A/R process across all business units

Impact Achieved

96%

Cash Posting Hit-Rate

100%

Deductions auto-coded

33

33 Days reduction in DSO

HighRadius cash application solution saved 50% of our analyst’s time in data aggregation. We could also reallocate FTEs to more strategic tasks due to the automation of manual processes.

ResMed_Speaker Testimonial

Michael Waldron

Senior Manager, Enterprise Performance Management

ResMed

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About ResMed

A $3.09B company, ResMed is an award-winning global leader in connected care, with more than 3 million patients remotely monitored daily. The 5,000-strong team was looking to deploy an automated A/R process globally.

Region

North America

Revenue

$3 billion

ResMed

Top Challenges

  • Increase in operational cost due to a manually intensive workload
  • Inaccurate cash posting due to lack of visibility across A/R operations
  • Limited payment options affected the overall CX

Business Benefits

  • Saved 13 hours by reallocating employees to high-value tasks
  • 96% Hit-Rate achieved with Automated Cash Application across Business Units
  • Improved CX with reduction in DSO by ~ 33 days within 10 months
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Increased visibility into customer remit across the organization

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© 2023 HighRadius • All rights reserved
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