$400K Recurring Savings The Toro Company’s 9-month Credit and AR Transformation Story

Key Takeaways

Evaluate SAP modules and get key stakeholder buy-in at all levels of the organization
Plan the project right from the blueprinting phase to the go-live phase
Complete implementation in time and within 15% of the allocated budget
Save $400K through improvements in Days Sales Outstanding(DSO), write-offs and productivity

Speakers

Brenda Price, Sr. Manager - Global Credit, The Toro Company

Shankar Bellam, Sr. Solution Architect, HighRadius

About The Webinar

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.

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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.