Securing Same-day Cash posting and 60% savings in Employee Resource with HighRadius

Impact Achieved

60%

Savings in Employee Resource Costs

76%

Improvement in Average Days to Resolve Deductions

Same

day automated cash-posting

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About Duracell

Duracell, the world's leading manufacturer of batteries, utilized HighRadius A/R automation to witness a 76% improvement in ADD within six months

Employee

2700

Revenue

$2 Billion

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Top Challenges

  • Team productivity lost in time-intensive manual aggregation
    of remittance data across multiple sources.
  • Delays in Deduction resolution due to manual research for aggregating backup documents for deductions research.
  • Lack of visibility into customer-specific data, such as payment status, risk class, etc., for the collections teams.

Business Benifits

  • Auto-Aggregation of remittance data across email body, attachments, password-protected files, EDIs and A/P portals.
  • Auto-aggregation & linking of backup documents like PODs, BOL across multiple sources like emails, portals, TPM, etc.
  • An integrated solution to foster end-to-end visibility & collaboration among all the A/R teams.
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Mattel

20%

Reduction in open Deductions

94%

Invalid Deductions predicted accurately

225+

Hours saved monthly

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Hershey’s

40%

Reduction in the Concentrated Open Deduction Dollar Value

70%

Reduction in Kroger Deductions that needed Manual Efforts

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Church & Dwight

85%

Decrease in unidentified deductions

30%

of Analysts’ time saved

100%

Deductions auto-coded at source

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