Case Study: DXP Enterprises achieves $20M in cash flow improvement with HighRadius

DXP adds $20M in cash flow with HighRadius

DXP Enterprises, a $2B+ industrial distributor, faced significant challenges with its manual accounts receivable processes, which were strained by rapid growth and over 10 acquisitions. These manual processes resulted in over 1,000 weekly exceptions, posting delays, and difficulty managing over $300M in open receivables across 15 different ERPs. To address this, DXP partnered with HighRadius to implement its AI-powered Order-to-Cash solutions.

By implementing HighRadius's solutions for cash application, collections, and EIPP, DXP automated the posting of over 600,000 invoices annually. This resulted in a 90% straight-through cash application rate and a 20-day reduction in DSO, which added $20 million in cash flow. HighRadius also enabled a 40% boost in collector productivity and a 4x increase in customer coverage, providing DXP with the financial readiness to support its M&A strategy.

DXP Enterprises