Restricting Revenue Leakage by Automating Deductions Resolution with HighRadius

Impact Achieved

20%

Reduction in open Deductions

94%

Invalid Deductions predicted accurately

225+

Hours saved monthly

Auto

aggregation & attachment of 77,000+ claims & 46,000+ PODs

Having one place for all our backup makes the research and decision making so much faster and easier. Now our invoice copy, bills of lading, shipping documents, it’s all right in HighRadius for us and as long as the deduction references one of our invoice numbers, that’s all pulled in automatically.

case-study-speaker

Tracy Falkowski

Financial Associate

Mattel

Read Full Story

About Mattel

Mattel, Inc., an American multinational toy manufacturing & entertainment company, harnessed AI-Enabled Deductions Auto Aggregation for 77,000+ Claims

Employee

36,300 (Dec 2021)

Revenue

$5.4 Billion

Geography

NA

vector-img

Top Challenges

  • Delayed Deductions research with no centralized repository for storing BOL, POD, invoice copies and shipping details.
  • Lack of focus on high priority accounts due to time spent in manually gathering data and correspondence.
  • Lack of focus on high priority accounts due to time spent in manually gathering data and correspondence.

Business Benifits

  • Seamless integration among systems like ERPS, TPMs etc to help offer end-to-end visibility across all data.
  • AI-driven prioritization for payment date prediction and AI-based dynamic segmentation to segregate and prioritize customers for the collectors.
  • A structured workflow and collaboration engine for streamlined inter-department communication & quick approvals.

Explore More Transformation Stories

The Clorox Company

80%

Automated Cash Application

224

Man-Hours Saved Per Month

33%

Reduction in Manpower

BlackHawk

60%

Increase in Overall Productivity

95%

Faster Dispute Resolution

96%

Reduction in Open Deductions

Ferrero Case Study

67%

Reduction in ADD

28%

Decrease in DSO

1000+

Hours Saved every year with Auto-Correspondence