Case Study: Wesco achieves automated cash application across 11 ERP instances with HighRadius

Wesco automates 94% of payments with HighRadius

Wesco, a leading B2B distribution supply chain company, faced significant challenges in its accounts receivable process. With nine analysts struggling to handle eight million payment invoices annually, they had difficulty applying cash in a timely manner. Their workload was increased by the need to aggregate data for ACH payments, and a lack of visibility was causing duplicated work for their collections team. To address this, they partnered with HighRadius to implement its Cash Application solution.

HighRadius automated Wesco's cash application process across 11 different ERP instances. The solution seamlessly captured remittance information from various payment formats to ensure faster payment linking. This automation enabled a 94% touchless cash application rate, dramatically increasing productivity by reducing overtime. The implementation provided increased visibility into customer remittances across the organization and gave the credit team a complete 360-degree view of customer profiles.

Wesco