Case Study: DXP Enterprises achieves 87% cash application automation and collects $100M in five months with HighRadius

How DXP Accelerated Cash Application for 50K+ Invoices by Eliminating Outdated and Inefficient Processes

DXP Enterprises, a Houston-based distribution company with $1.7B in revenue, was struggling with highly manual A/R processes—applying cash for 50K+ invoices a month with a five-person team, a $30M monthly shortfall from poor cash posting, and mounting complexity from rapid M&A-driven growth. To eliminate inefficiencies and protect customer experience, DXP engaged HighRadius and its Cash Application software within the HighRadius Order-to-Cash suite to automate cash posting, collections and deductions.

HighRadius deployed a full Order-to-Cash solution in 30 weeks—using AI OCR, email/EDI parsing, touchless dunning, automated invoice matching and remittance prediction—to aggregate remittances, match payments and handle exceptions. The results: 87% cash application automation, 100% automated deductions coding for short payments, a 38.5% improvement in cash flow, $100M collected in five consecutive months, elimination of bank key-in fees and sizable productivity gains across A/R.

DXP Enterprises

Joseph Grass

Director, AR and Credit