6. Case Study: The Sysco Story

This e-book will walk you through the options for processing checks on the parameters of processing cost, check float reduction and resource requirement.


Chapter 01

Executive Summary

Chapter 02

Key Challenges in Check Processing

Chapter 03

Options Available for Check Payment Processing

Chapter 04

Remote Deposit Capture 2.0: Next Generation Remote Deposit Capture

Chapter 05

RDC 2.0 vs. RDC vs. Lockbox vs. Traditional Processing

Chapter 06

6. Case Study: The Sysco Story

Chapter 07

About HighRadius
Chapter 06

6. Case Study: The Sysco Story

The major roadblocks Sysco was facing were:

  • 72 business units
  • No centralized cash application
  • Multiple deposit accounts
  • In-house processing of all deposits

Sysco processed 3 million line-items every year. Remittance information was not used for cash application and they achieved a hit-rate of only of 30-40%. These bottlenecks did not allow them to apply cash the same day. With HighRadius Remote Control Deposit 2.0 they achieved:

  • Centralized cash application with decentralized scanning
  • Effectively process remittances across all formats
  • Allow one payment across 72 operating companies
  • Process checks and remittances in one go

They achieved same day cash application along with 85%+ hit rate. Sysco Solution at Work (Achieved Same Day Cash App with 85%+ HR)  

Personalized Demo for A/R OperationClick to get your free demo


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Allowance for Doubtful Accounts: How to Calculate It and Record Journal Entries

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HighRadius Cash Application Software enables the end-to-end automation of the cash application process that covers major benefits such as AI-enabled data capture for remittances, auto-linking of payments with open invoices, cost-cutting on lockbox fees and easy compatibility with any system due to its ERP-agnostic Saas infrastructure. Apart from the major benefits that it has, there are some key features which can not be missed out, some of them are Email Remittance capture, Discounts and Deductions Handling, Check Remittance Capture, Web Remittance Capture, Invoice Matching, and RDC & Mobile Payments.