Case Study: Summit Electric reduces DSO by 2.9 days with HighRadius

Summit Electric reduces DSO by 2.9 days with HighRadius

Summit Electric faced challenges with manual accounts receivable processes, including a lack of standardized procedures, the need to gather data manually from multiple sources, and intensive manual payment and deductions processing. To address these inefficiencies, they turned to HighRadius for its A/R automation solutions.

By implementing HighRadius's platform, Summit Electric automated key A/R processes. The solution prioritized collector worklists, automatically sent collection correspondence, and auto-matched invoices to payments. This led to measurable results including a 98% header level hit rate, 94% of payments applied automatically, and a 2.9-day reduction in DSO over one year. HighRadius enabled Summit Electric to significantly increase efficiency and cash flow.

Summit Electric