Case Study: Ascend Performance Materials achieves unified cash management and automated 60-day forecasting with HighRadius

Ascend Performance Materials Harnesses HighRadius for Unified Cash Management & Forecasting

Ascend Performance Materials, a Houston-based manufacturer of 3,000 employees, faced a fragmented treasury after rapid growth: manual, error-prone forecasting, limited staff capacity, poor global cash visibility, and an outdated SAP environment. To address these challenges Ascend selected HighRadius and its Treasury & Risk Suite (including Cash Management, Cash Forecasting and Collections) to centralize and modernize treasury operations.

HighRadius implemented automated cash management and 60-day forecasting with daily visibility across all global bank accounts, predictive Collections worklists, and variance analysis, enabling strategic cash pooling and lean operations. The HighRadius solution delivered measurable results: 95% forecast accuracy for inflows/outflows, 100% bank integration automation, a 70% increase in forecasting productivity, 50% reduction in idle cash and a 30% reduction in bank fees (plus an overall 30% productivity lift).

Ascend Performance Materials