Huhtamaki Automated over 85% of their AR Reconciliation & Posting with AlgoriQ
Publisher: Global PayEX Inc.
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Huhtamaki engaged with Global PayEX to deploy AlgoriQ – its AI-powered A/R reconciliation solution, to enable an end-to-end digital cash reconciliation process. Global PayEX has facilitated Huhtamaki to eliminate a significant amount of manual effort and intervention by automating the reconciliation process end-to-end. The time taken to reconcile payments was reduced from over 15 days to less than seven days within the first quarter, thereby reducing the amount of unapplied cash in the system at any given time. Thus, Global PayEX has helped Huhtamaki with a platform to grow its business by improving sales productivity and working capital efficiency.
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