Case Study: The Clorox Company achieves 80% automated cash application with HighRadius

The Clorox Company achieves 80% automated cash application with HighRadius

The Clorox Company, a leading CPG firm, faced challenges with inaccurate cash posting and decreased team productivity due to manual processes for handling remittances and deductions. To overcome the limitations of their ERP system, they partnered with HighRadius and implemented its Cash Application Solution.

HighRadius provided a solution that automated invoice matching and seamlessly captured remittance data from various payment formats. This implementation resulted in an 80% automated cash application rate, saving 224 man-hours per month and reducing the time taken to apply payments by 64%. HighRadius also delivered additional benefits including a significant reduction in past-due accounts receivable and the recovery of millions in invalid deductions annually.

The Clorox Company