Case Study: Sysco achieves unified, automated payments processing with HighRadius

Sysco automates 80% of cash application with HighRadius

Sysco, a global food distribution leader, faced challenges with a decentralized cash application process across its 72 operating companies. This led to inefficiencies from multiple deposit accounts and manual deduction coding. To address this, Sysco partnered with HighRadius, utilizing its cash application management solution.

Through HighRadius, Sysco centralized its payments process with one unified payment option and implemented Remote Deposit Capture with remittance capture. This solution automated deductions identification and coding. The results were significant, achieving over 85% automation in payments processing, a 96% cash posting hit-rate, and a 33-day reduction in DSO, while greatly enhancing visibility and productivity.

Sysco