Key Challenges with Check Processing

A $55 Billion Wholesale Company

Learn how a $55.3 Billion wholesale company leveraged mobile RDC to achieve 85+% automation for processing remote deposit payments across 72 operating companies


Chapter 01


Chapter 02

Key Challenges with Check Processing

Chapter 03

Results Across the Board

Chapter 04

Automate Cash Posting with RDC 2.0

Chapter 05

Automate Cash Posting for Remote Deposits with Mobile RDC

Chapter 06

About HighRadius
Chapter 02

Key Challenges with Check Processing

  • Decentralized cash posting process for each of the 72 business units
  • Multiple deposits accounts with customers paying for each business units using different checks
  • Cash posting without using remittance information
  • Internal auto-match algorithms were used to match remittances using payment amount resulting in low on-invoice hit rate of 30-40%
  • Team was unable to post cash the same day
  • Multiple checks scanning for depositing checks and research and retention purposes
  • Cash posting was inaccurate; lots of claims were not processed accurately and the team spent 50% of the time correcting the A/R
  • Deduction coding was manual as SAP setup had minimum mapping table


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HighRadius Credit Software automates the credit management process, enabling credit managers to make highly-accurate credit decisions 2X faster and enable faster customer onboarding with 4 primary components: configurable online credit application, customizable credit scoring engines, credit agency data aggregation engine, and collaborative credit management workflow. Along with that, there are a lot of key features that should definitely be explored some of which are online credit application, credit information aggregation, automated credit scoring & risk assessment, credit management workflows, approval workflows, and automated bank & trade reference checks. The result is faster customer onboarding, better internal collaboration, higher customer satisfaction, more targeted periodic reviews, and lower credit risk across the company’s customer portfolio.