Cash Collections Success at Veolia
Description
Many of today’s F&A organizations are struggling with the challenge of reconciling accounts and applying cash. Veolia found themselves in this situation, 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.
On this exciting webinar with BlackLine we discover how Veolia's AR department transformed itself 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%
Download or watch the presentation below:
