The 3-Pronged Strategy to Achieve 80% Automated Cash Application with 20% Reduction in Past-Dues

Impact Achieved

80%

Automated Cash Posting

20%

Reduction in Past-Dues

50%

Speed in Credit Reviews

20%

Reduction in Bad Debt

We have come a long way with HighRadius. They have really helped us with the manual work and with the business growing, that’s definitely helping us to move forward.

case-study-speaker

Vicky Klassen

Credit and A/R Manager

J.J. Keller

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About J.J. Keller

J.J Keller, a leading publisher and service organization ensures service delivery success for 60,000 orders annually with complete credit-to-cash automation.

Region

North America

Revenue

$610M

Employees

1000+

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Top Challenges

  • The 8-member collection team had to deal with 600,000 orders manually resulting in higher number of past dues.
  • The cash app team was performing remittance aggregation & deductions coding manually leading to delayed cash posting.
  • The credit team had to manually aggregate data and keep track of bankruptcy alerts, rating downgrades, and bank guarantees.

Business Benefits

  • The analysts have access to prioritized worklist that intelligently gathers data and does task prioritization.
  • Faster cash posting with auto-remittance capture from multiple resources and automated deduction coding for short payments.
  • Automated workflow approval and automated aggregation and monitoring of credit data.

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Increase in Overall Productivity

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Faster Dispute Resolution

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Reduction in Open Deductions