Accelerate AR Automation – RS Components Succeeds with a Global Cash Allocation Process
How the World's Largest Distributor of Electronics and Maintenance Matches Their Customer Payments
RS Components is a global omni-channel solutions partner for industrial customers and suppliers who are involved in designing, building, or maintaining industrial equipment and facilities. With business partners around the world, complex supply-chains, and just-in-time production cycles, fast and efficient processes are of the essence – not only in distribution but in finance as well. To achieve optimized processes in accounts receivables and reconcile customer payments as fast as possible, RS Components automated their cash allocation process on a global scale.
Watch the recording of our virtual panel discussion, hosted together with CICM, and discover how RS Components implemented an intelligent cash allocation system and harmonized AR processing on a global scale.
- Cash allocated faster: Improved cash flow, financial control, and transparency by reducing the volume and value of non-allocated payments
- Established standards: Centralizing cash allocation in one coherent global process, able to match payments from any payment format
- Clarity across the board: Running transparent reports on customer payment matching, reconciliation, and expectations