LifeStraw, a clean water solutions company, faced inefficiencies in its accounts receivable (AR) processes, with a small AR team manually handling cash applications, leading to delays, higher DSO, and bad debt. To address this, LifeStraw implemented HighRadius' RadiusOne Cash Application App, automating 98% of cash posting and improving productivity. The solution enabled automated invoice matching, remittance data aggregation, and real-time tracking, saving significant manual effort and reducing the AR team from 4 to 1 FTE. This boosted operational efficiency, allowing the team to focus on more strategic tasks and support business growth.

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