Mosaic, the largest U.S. producer of potash and phosphate, faced challenges with a complex credit approval process, disparate data sources, and rigid credit scoring models. By implementing HighRadius' Credit Cloud solution, Mosaic streamlined its credit process, achieving a 50% reduction in credit approval layers, a 55.5% reduction in approval time, and a 15% increase in auto-approvals. The AI-powered system automated data aggregation, customized credit scoring, and real-time credit risk monitoring, improving visibility and efficiency across their customer portfolios. Mosaic also reduced its credit team size by 33.3%, cutting FTE costs.

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