Case Study: Konica Minolta Business Solutions unlocks $30M in cash flow with HighRadius

Konica Minolta Business Solutions, U.S.A., Inc. adds $30M cash flow with HighRadius

Konica Minolta Business Solutions U.S.A., Inc. faced significant financial challenges, including a high Days Sales Outstanding (DSO) of up to 75 days that trapped $30 million in working capital. The company also struggled with an inefficient manual cash application process and incurred over $5.5 million annually in credit card fees. To address these issues, they partnered with HighRadius to implement its AI-powered solutions for collections and cash application management.

By deploying HighRadius's technology, Konica Minolta automated its bank reconciliation and cash application processes while enabling AI-driven, risk-based collections prioritization. The vendor's solution delivered a 9-day reduction in DSO, unlocking $30 million in cash flow. Furthermore, Konica Minolta saved $5.5 million per year in credit card fees and achieved a 99% automation rate for bank reconciliation, dramatically improving efficiency and financial health.

Konica Minolta Business Solutions, U.s.a, Inc