Addison Group faced challenges with their manual cash application process as their client base and invoice volume grew rapidly. They integrated HighRadius' AI-powered automation to streamline accounts receivable operations. This automation resulted in 75% of ACH transactions and 80% of lockbox/cheque transactions being fully automated, freeing up analysts' time to focus on value-added tasks. The solution helped manage increased invoice volumes, improved collections, and provided real-time insights. The automation also led to a reduction in DSO and improved operational efficiency.

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