Case Study: Coca-Cola Bottlers’ Sales and Services achieves faster payments and $10M in annual savings with Ripcord

Looking to Streamline Your Business’s Financial Process and Maximize Profitability

Coca-Cola Bottlers was facing substantial product write-offs due to bottlenecks in their heavily manual accounts receivable process. Their challenge was a multi-step system for managing and matching paper proof of delivery documents, which led to inefficiencies and financial losses. To address this, they partnered with Ripcord.

Ripcord implemented an end-to-end solution to digitize paper documents and applied machine learning to extract critical data and match proof of delivery with invoices. This resulted in over $1 million in annual savings from vendor consolidation and reduced product waste costs by approximately $10 million annually. Ripcord's solution also improved record accuracy to 99.95% and dramatically reduced turnaround time for payments.

Coca-Cola Bottlers’ Sales and Services