Case Study: Nice-Pak/PDI automates cash management and payments with Cashbook

Nice-Pak/PDI boosts bank rec auto-matching to 55% with Cashbook

Nice-Pak/PDI, a major producer of pre-moistened wipes, was struggling with numerous manual financial processes including global payments, bank reconciliation, cash application, and deductions. These inefficient processes within their LX ERP system required significant repetitive manual work. They sought a solution from Cashbook to automate these tasks.

Cashbook implemented its cash application automation software in phases, starting in 2011. The solution included modules for global payments, bank reconciliation, cash application, and a cash manager tool. This provided full bank and ERP integration, automated the lockbox and deductions processes, and streamlined global payments. The results for Nice-Pak/PDI included significant time savings, reduced bank charges, recovered lost revenues, and greater financial control, leading them to rely on Cashbook for over a decade.

Nice-Pak/PDI