Case Study: Kichler Lighting achieves 40% productivity boost with HighRadius A/R automation

Kichler Lighting boosts productivity 40% with HighRadius

Kichler Lighting Corporation, a market leader in residential lighting, faced significant challenges in its accounts receivable processes. Manual cash application was complicated by missing remittances, and the team struggled with manually aggregating payment data and coding deductions, which hindered past-due recovery efforts.

HighRadius implemented its Analytics-Led A/R Solutions to automate and streamline these processes. The solution used AI for remittance prediction and automated capture from multiple sources, enabling accurate same-day cash posting. The results for Kichler Lighting were substantial, including an 86% auto-application rate for cash, a 40% boost in employee productivity, and a 5.5-day reduction in DSO. HighRadius also helped achieve a 99% automation rate for sending correspondence.

Kichler Lighting Corporation