Kichler Lighting Corporation, a market leader in residential lighting design, contract manufacturing, and distribution, eliminated manual and inefficient receivables processes with HighRadius Analytics-Led A/R Solutions.
Region
North America
Revenue
$297M
Employees
700+
Top Challenges
Missing remittances for payments complicated their cash application process.
Manual remittance aggregation from multiple sources and manual identification & coding of deductions.
Inefficient past-due recovery due to lack of time and resources.
Business Benefits
AI-based remittance prediction helped them achieve same day, accurate cash posting for all invoices.
Automated remittance capture from various sources with auto-deductions coding for an efficient cash application.
Analysts use AI-enabled worklists to prioritize high risk accounts for faster recovery.