Streamlining Cash Reconciliation to Achieve 99% Hit Rate on Invoices

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Parikh Financial LLC, a factoring service provider, faced challenges in manually reconciling over 2400 checks and ACH payments weekly, causing inefficiencies. To streamline their cash reconciliation process, they implemented HighRadius’s **RadiusOne Cash Application**. This automation led to a **50% reduction in cash posting time**, a **99% hit rate on invoices**, and a **60% increase in productivity**. The solution auto-captures bank payments, matches invoices, and aggregates remittances from various sources, reducing manual effort and improving operational efficiency.

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Case Study

Streamlining Cash Reconciliation to Achieve 99% Hit Rate on Invoices

Streamlining Cash Reconciliation to Achieve 99% Hit Rate on Invoices

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