Wesco's A/R Transformation Success Story

Impact Achieved

94%

Payments Applied Automatically to the ERP

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Increased visibility into customer remit across the organization

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Increased Productivity due to Reduction in Overtime

About Wesco

Wesco, a leading B2B distribution supply chain company scaled automation across 30 business units encompassing 85% of their Account Receivables through HighRadius Cash Application solution.

Employee

18000

Revenue

$ 8.177 Billion (2018)

Top Challenges

Difficulty in timely Cash Application with 9 analysts handling 8 million payment invoices
Increased workload to aggregate data to process ACH payments.
Duplication of work for the collections team and lack of visibility over customer portfolios for the credit team

Business Benefits

Automated invoice matching helped them process the payments faster.
Seamless capture of remittance information from various payment formats ensures faster payment linking processes.
Touchless dunning strategizes their collection process and credit decision history provided 360 degree view of customer profiles.

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98%

Header Level Hit-Rate

80%

CEI achieved

2.9

Day Reduction in DSO over 1 year

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27%

Reduction in Past Dues

20%

Reduction in Bad Debt

5 days

Reduction in (ADD)