Clorox's A/R Transformation Helps Bypass ERP Constraints with 80% Automation in Cash Application

Impact Achieved

80%

Automated Cash Application

224

Man-Hours Saved Per Month

33%

Reduction in Manpower

64%

Reduction in Time Taken to Apply Payments

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About Clorox

The Clorox Company, a leading CPG company leveraged technology to work around the limitations of their ERP system and ensured 80% automated cash posting with HighRadius Cash Application Solution

REGION

North America

REVENUE

$6.72 Billion

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Top Challenges

  • Inaccurate and delayed cash posting.
  • Decreased productivity within the team as remittances were received through emails and web portals.
  • Performing deduction coding manually for a high volume of deductions.

Business Benefits

  • Automated invoice matching helped them in processing the payments faster.
  • Seamless capture of remittance information from various payment formats helped automate the process.
  • Automated deduction coding to eliminate manual deduction coding and delay involved.

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Shurtape

50%

Reduction in overall past-due A/R

75%

Reduction in 31-60 days past-due A/R aging bucket

33%

Reduction in 1-30 days past-due A/R aging bucket

Danone

$20M

Recovered From Invalid Deductions

98%

Automated Cash Application

25

Days Reduced DDO

Staples

27%

Reduction in Past Dues

20%

Reduction in Bad Debt

5 days

Reduction in (ADD)