Case Study: Johnsonville achieves better claims processing efficiency with HighRadius

Johnsonville boosts deduction claims 43% with HighRadius

Johnsonville, the world's largest American sausage company, faced significant challenges due to its completely manual cash application process, which led to human errors while handling high invoice volumes. Their labor-intensive deduction resolution process and lack of visibility from disparate systems further hindered operations. To address these issues, Johnsonville partnered with HighRadius for an integrated accounts receivable solution.

HighRadius implemented an AI-based Cash Application automation solution that achieved a 95% straight-through, same-day cash application rate. The solution provided auto-aggregation of backup documents and seamless integration among systems for end-to-end visibility. This resulted in an 89% increase in hit rate for payments, a 4.4% decrease in open AR, and the recovery of $25.5 million in invalid deductions annually for Johnsonville.

Johnsonville