Case Study: Sovos Brands achieves same-day cash posting and 40% productivity boost with HighRadius Cash Application Cloud

Simplified Cash Flow Management Helps Food Company Improve Team Productivity

Sovos Brands, a Louisville, Colorado–based CPG company ($739M revenue), faced a manual, paper-heavy accounts receivable process that left large volumes of cash unapplied and analysts overwhelmed—especially because most payments arrived by check and remittance data had to be keyed in manually. To resolve this, Sovos Brands selected HighRadius and its Cash Application Cloud as a cloud-based, plug-and-play solution to streamline remittance capture and accelerate cash application.

HighRadius deployed AI-driven cash application automation (including multi‑OCR, mRDC, automated invoice matching and deduction auto-coding) to enable same‑day cash posting and eliminate expensive bank lockbox fees. The implementation delivered measurable impact: 88% automated remittance aggregation from checks, 85% from emails/portals, and a 40% increase in employee productivity, significantly reducing errors and freeing AR staff to focus on higher‑value work.

Sovos Brands

Guillermo Olivares

Manager, Accounts Receivable