Case Study: Supply Technologies unlocks $6.6M in working capital with HighRadius

Supply Technologies unlocks $6.6M in working capital with HighRadius

Supply Technologies, a manufacturing supply chain management company, faced significant challenges with 9% of its invoices past due, locking up $6.6 million in working capital. Their decentralized collections process, managed through Excel spreadsheets, resulted in low collector productivity and cash application delays of up to seven days. They partnered with HighRadius to implement its AI-powered Order to Cash solutions, including Collections Management and Cash Application Management.

By leveraging HighRadius's automation for dunning and cash application, Supply Technologies achieved a 56% reduction in past-due invoices and unlocked the $6.6 million in working capital. The solution also boosted overall collector productivity by 72%, saving over 15,000 manual hours annually and reducing cash posting from seven days to same-day processing. HighRadius transformed their operations from chaotic manual tracking to having real-time, global visibility.

Supply Technologies