Case Study: The Mosaic Company achieves faster onboarding and lower credit costs with HighRadius

The Mosaic Company cuts credit approval time by 56% with HighRadius

The Mosaic Company, a Fortune 500 mining firm, faced challenges with a complex and slow manual credit approval process that hindered customer onboarding and lacked real-time visibility into customer risk. To address these issues, Mosaic partnered with HighRadius to implement an AI-powered credit management solution.

HighRadius automated the credit data aggregation process and implemented customized scoring models. This solution significantly streamlined Mosaic's operations, reducing credit approval layers by 50% and cutting the average approval time by 56%. The automation also led to a 40% reduction in the team size required for credit management, resulting in substantial FTE cost savings for the customer.

The Mosaic Company