Cargill?s Transition to Lean and Simplified A/R Through Process Evaluation and Benchmarking


An insightful summary of how these GPOs made their A/R future-ready while reducing costs, improving metrics and keeping their customers happy!

Contents

Chapter 01

Decoding GPO?s Challenges

Chapter 02

Cargill?s Transition to Lean and Simplified A/R Through Process Evaluation and Benchmarking

Chapter 03

Air Products Journey to Global Credit Risk Management for 170,000+ Customers

Chapter 04

Keurig Dr Pepper?s Paradigm Shift from Outsourced to Customer Centric In-housed

Chapter 05

Danone?s Discovery on How to Choose the Right Technology for Automating A/R Processes in SSOs

Chapter 06

Summary

Chapter 07

About HighRadius
Chapter 02

Cargill?s Transition to Lean and Simplified A/R Through Process Evaluation and Benchmarking


The Challenge: Complex IT Landscape

Like many global giants, Cargill initially used to work out of decentralized business units having 50+ ERPs and no centralized customer master data. However, when they tried to ?lift + shift? to a centralized shared service model, they realized that didn?t have any integrated model that could support their multifaceted IT landscape consisting of: Complex IT Landscape

The Solution: Find Process Maturity Gaps Through Process Evaluation and Benchmarking

In order to tackle the complex IT landscape challenge, Cargill went with ?lift + transform + shift? by understanding the maturity gaps in their process, implementing the simplest transformation first while leaving the global standardization task for post-migration. This is how they deciphered the maturity gaps in their process: deciphering the maturity gaps After benchmarking against industry standards and setting external goals for key metrics that resonate with best-in-class standards, Cargill also evaluated the processes internally by diving them into different levels making it simpler to determine the maturity gaps in their A/R processes. Moreover, they set up internal goals based on internal best practices that could be implemented globally.

Best Practices for Transforming Complex A/R IT Landscapes

Best practices suggested by Gunther Smets, Order to Cash Global Process Owner at Cargill ? Set clearly defined goals for each of your A/R processes ? Choose a single integrated receivables management platform for easier implementation, management, and global standardization ? Implement in phases to continuously monitor results and avoid fallouts

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HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.