Cash Collections Success at Veolia
Many of today’s F&A organizations are struggling with the challenge of reconciling accounts and applying cash. Veolia found themselves in this situation as well, until they automated their cash application process.
This led to a huge time-saving benefit for their credit team, who went from chasing remits to collecting more cash. View this webinar to discover how Veolia’s AR department transformed and achieved impressive KPIs, including:
- ROI in just 4 months by reducing DSO
- Payment reconciliation within minutes, freeing up staff for value-adding work
- 70% increase in efficiency
- 75% savings on costs associated with matching
- Reduction of unapplied cash to 0.002%