Accelerate AR Automation – How Hitachi Applies Cash before Breakfast
Automating Cash Application on a Global Scale
AR Automation is a top priority for finance organizations worldwide. The multinational company Hitachi can be considered a leading example in this matter. They achieved best in class cash application processes by ambitiously aiming for intelligent automation on a global scale. This way the organization was able to overcome time-consuming manual activities, such as maintaining Excel spreadsheets to follow up open items or printing of bank statements, receipts, postings. Applying intelligent technology resulted in a cash application automation rate of 90% in some of Hitachi’s subsidiaries, strengthening their overall accounts receivable management.
Watch the recorded webinar, hosted by Callisto Grand, and learn how the leading international technology company Hitachi centralized and harmonized their cash application processing using intelligent automation within their company-wide project "Cash Applied before Breakfast":
- All cash applied: Improved cash flow, financial control, transparency and compliance by reducing the volume and value of unapplied payments
- High standardization: Running the same centralized cash application process in all Hitachi subsidiaries around the world
- Unparalleled transparency: Delivering standardized reporting on cash application and unapplied cash