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
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. 
