How Danone Achieves 96% Accuracy in Long-Term Receivables Forecasting Over 6 Months

Impact Achieved

96%

Accuracy Achieved in Monthly Forecasts

30%

Reduction in Time Spent on Manual Tasks

6 Months

Daily Forecasts Generated

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About Danone

Danone North America is one of the largest food and beverage companies in North America. The purpose-driven team of Danoners is committed to health, sustainability and innovation as they work together toward our mission of bringing health through food to as many people as possible.

Region

North America

Revenue

$29.14 Billion

No. of Employees

100,000+

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Top Challenges

  • A/R forecasting was done manually, which incurred discrepancies and inefficiencies, which led to complexities in moving cash at a global level.
  • Monthly forecasts were done only twice a year, which restricted A/R visibility and affected accuracy.
  • Generated invoice-level reports only, which made understanding customer payment patterns difficult.

Business Benefits

  • Automated forecasting and data gathering through bank and ERP integration for easy cash movement.
  • Forecast horizon window was increased from 1 month to 6 months with improved accuracy.
  • Customized models were introduced to simulate scenarios with and without early payments

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Unlocking Treasury’s Full Potential: Ascend Performance Materials Harnesses HighRadius for Unified Cash Management & Forecasting

Daily visibility

across all global bank accounts

60-day

automated cash forecasts

Detailed variance analysis

capabilities

HNTB

Up to 95%

Accuracy in A/R & AP forecast

Improved Visibility

Into daily and monthly forecasts

Harris Case Study

85%

Accuracy in A/R forecast

1 Month+

Saved per Person Every Year for Critical Tasks