Martin Marietta | 97% Hit Rate with Automation

Impact Achieved

500K

Payments processed

97.08%

Item Level Hit-Rate

55%

Increase in EDI-based Hit-Rate automation

Before, we were starting to lose business to competitors because it was taking us generally two days to onboard a customer. Now we can onboard a customer in less than an hour. So HighRadius really helped with that

Lawrence Carrol

AR Shared Services Manager

Martin Marietta

ABOUT MARTIN MARIETAA

HighRadius helped Shared Services at Martin Marietta, an American supplier of aggregates and heavy building materials, to leverage operational efficiency and get a 97% hit rate in cash application

Employee

8714 ( 2019)

Revenue

$4.7 Billion (2020)

Geography

Top Challenges

Lack of standardization & inconsistencies in data due to
decentralized processes.
Lack of visibility across the overall credit risk exposure of the organization.
Team productivity lost in time-intensive manual aggregation of remittance data across multiple sources.

Business Benifits

An integrated, single source of truth to secure acute visibility and uniformity across all BUs.
360-degree view across all the customer profiles to stay on
top of credit risks.
Auto-aggregation of remittance data across email body, attachments, password-protected files, EDIs and A/P portals.

Read Full Story