Implementing one payment option across 72 OpCos with Automated Cash Application Process

Impact Achieved

80%

automated cash application process

One

payment option across all BUs

For the first time in our history, we are able to use complete remittance information for accurate, straight-through cash application!

case-study-speaker

Mike Mumford

Senior Director, Business Technology, Finance

Sysco

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About Sysco

Sysco is a global leader in selling, marketing, and distribution of food products with a revenue of $55.13 Billion. The organization faced issues with decentralized cash posting process for 72 OpCos.

Region:

North America

Revenue:

$55.13 Billion (2019)

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Top Challenges

  • Decentralized cash posting process for each of the 72 OpCos
  • Multiple deposits accounts with customers paying for each OpCo using different checks
  • Deduction coding was manual as SAP setup had a minimum mapping table.

Business Benefits

  • Centralized cash posting with one payment across all OpCos
  • Remote Deposit Capture (RDC) coupled with remittance capture
  • Automated deductions identification and coding
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