The Toro Company’s Credit and AR Transformation Formula for Success
$400K Recurring Savings: The Toro Company’s Credit and AR Transformation Formula for Success
About the Video:
The Credit and A/R team at Toro, a $5B American manufacturing firm, faced a multitude of challenges including high levels of DSO, bad debt, non-standardized collections and deductions processes and, absence of credit management workflows.
The team evaluated SAP Receivables Management and partnered with HighRadius to standardize business processes and apply best practices for the Receivables Management project.
The team today is well on its way to achieving $400k recurring annual savings. Such success is a rarity in large ERP projects given that over half of the organizations report achieving less than 50% of the stated outcomes.
Brenda Price, Sr. Manager – Global Credit, The Toro Company
Shankar Bellam, Sr. Solution Architect, HighRadius