Case Study: Danone achieves 99.3% forecast accuracy and cuts past dues by 37% with HighRadius

Danone hits 99.3% forecast accuracy with HighRadius

Danone, a global food and beverage company, faced significant challenges with its manual, Excel-driven cash forecasting process. The treasury team struggled with inaccurate and infrequent forecasts that had accuracy gaps as wide as 30%, leading to reactive accounts receivable management and excessive manual effort. To address these issues, Danone partnered with HighRadius to implement its AI-powered cash forecasting solution.

HighRadius replaced Danone's bi-annual Excel reports with over 80 AI models that utilize more than 53 parameters. This solution automated the forecasting process, transforming it from a manual, error-prone task into an efficient, push-of-a-button operation. The implementation by HighRadius resulted in a 99.3% forecast accuracy over a six-month horizon, a 37% reduction in past-due balances, and a 30% reduction in the manual effort previously required from analysts.

Danone