REDaxisis a Comprehensive Insights-driven Accounts Receivable Suite that provide key stakeholders with insights that enable them to identify actionable tasks,with potential to save multiple millions through risk mitigation and working capital reduction.By adopting a persona-based design thinking approach & leveraging technology capabilities in data science,REDaxis enables reduction in Day Sales Outstanding (DSO) & Unearned Cash Discounts (UCD),thereby realizing exponential business outcomes with minimal efforts.
LTI's REDaxis Solution has helped a Global CPG Major attain Improved Cash Collection and Accounts Receivable Productivity.
Identified opportunity areas and enabled workflow-driven approachto act on specific transactions / customers,leading to significant reduction in DSO (Days of Sales Outstanding) and UCD (Unearned Cash Discounts).
A day of DSO reduction led toUSD 200 millionin working capital.
The new architecture and solution design exponentiallyreduced TCOto run the IT applications.
High automation,with less data collation efforts,led tomore than 40% productivity improvement.
Business Benefits Delivered –