Case Study: MTD automates 80% of deductions and unlocks working capital with Cashbook

How progressive companies are automating 80% of deductions and unlocking trapped capital

MTD, a global leader in outdoor power equipment, was struggling to manage deductions and cash application across multiple regions and banks. With up to 10,000 deductions processed manually each day, an eight-person team was tied up handling paper-based workflows, investigating unknown deduction reasons, and losing time on low-value items that also trapped working capital.

To solve this, MTD implemented Cashbook’s Deductions Automation module to automate reason-code assignment, bundle small deductions, and create deductions for short-paid invoices from EDI and Excel remittance files. With Cashbook, MTD automated 80% of deductions, increased repaid deductions by more than 40%, reduced deductions team headcount from 8 to 6, and sped up cash application, reporting, and collections while unlocking trapped capital.

MTD