Case Study: Pavion cuts cash forecast time from 30 hours to under 5 minutes with HighRadius

Pavion cuts cash forecast time to under 5 mins with HighRadius

Pavion, a global leader in fire safety and security solutions, faced significant challenges in its treasury operations due to intensive manual processes. Their analysts spent 30 hours weekly consolidating data from 22 different company codes for cash forecasting, while daily reporting required 4-6 hours to manually log into over 100 bank accounts. This lack of centralized visibility and real-time data forced reactive decision-making and prevented strategic analysis. To overcome these inefficiencies, Pavion partnered with HighRadius and implemented its cash management solution.

By implementing HighRadius's solution, Pavion centralized its data from 128 bank accounts and automated its previously manual processes. This enabled the company to reduce its cash forecasting time from 30 hours per week to under five minutes while achieving a 94.2% accuracy rate. HighRadius also helped Pavion cut its daily reporting time by 75%, from 4-6 hours down to just 30 minutes. The enhanced visibility allowed Pavion to close 35 legacy bank accounts, unlocking idle cash and empowering the team to make more timely and informed business decisions.

Pavion