Case Study: Foundation Building Materials achieves 28% reduction in past-due A/R with HighRadius

Foundation Building Materials cuts past-due A/R by 28% with HighRadius

Foundation Building Materials (FBM), a major distributor of construction supplies, faced significant operational challenges after 13 acquisitions left them with fragmented systems. They were managing $300 million in receivables across 13 unintegrated platforms, leading to widespread data issues, 33% of receivables becoming past due, and inefficient manual credit and collection processes. To prepare for future growth, FBM partnered with HighRadius for a solution.

By implementing HighRadius's credit and collections management solutions, FBM automated 96% of credit scoring and streamlined their processes. This resulted in a 28% reduction in past-due receivables, a 46% improvement in credit analyst productivity, and a doubling of their accounts receivable coverage. HighRadius enabled FBM to successfully integrate its acquisitions and significantly improve its financial operations.

Foundation Building Materials