Case Study: Addison Group achieves 2x growth in two years with HighRadius AI-powered automation

Addison Group achieves 2x growth in two years with HighRadius

Addison Group, a consulting and recruiting firm, faced challenges managing its accounts receivable due to rapid growth. Siloed processes and a high volume of invoices required analysts to spend significant time manually matching payments. They also lacked a payment portal and real-time collections insights. To address this, they worked with HighRadius to implement its AI-powered Cash Application and Collections Management solutions.

HighRadius provided an integrated AI-powered automation platform. The solution automated a high volume of transactions, significantly boosting efficiency. Specific results for Addison Group included achieving 82% automated cash posting, a 40% boost in collector productivity, and a 33% reallocation of resources to higher-value tasks. This automation supported the company in achieving 2x growth over two years while maintaining its days sales outstanding (DSO).

Addison Group