How Danone’s Use of Automation Cut 75% of Cash Application Costs
How Danone’s Use of Automation Cut 75% of Cash Application Costs
Most receivables teams relate to a rise in electronic payment volumes to a decline in payment acceptance costs. However, manually processing remittance from emails, email attachments, EDI files, and customer websites increases the costs of processing electronic payments.
The credit and A/R team at Danone faced similar challenges with their cash application process. By automating the payment reconciliation process by 90%, the payment acceptance costs were lowered.
View this webinar to learn about the integrated receivables technology deployed by Danone for same-day cash application. They did this while freeing up resources for high-impact processes in collections, credit and dispute management and reducing DDO by 55%!
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.
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