DXP Enterprises faced inefficiencies in their Accounts Receivable (AR) processes while managing over 50,000 invoices per month, especially during rapid business growth due to mergers and acquisitions. Manual cash application, particularly for checks, ACH, and other e-payments, slowed operations and led to cash posting delays. By implementing HighRadius Cash Application Software, DXP automated 87% of its cash application processes, including invoice matching and remittance aggregation, leading to faster payments and improved accuracy. The automation resulted in a 38.5% improvement in cash flow, $100 million collected in five consecutive months, and a significant reduction in manual efforts. DXP also eliminated bank key-in fees and optimized its overall AR performance.

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