PrimeSource, a $1.4 Billion Company, Reveals Their Secret to Executing a Successful A/R Transformation Project Using HighRadius

On January 25 at 12pm CT, Credit Institute of Canada (CIC) will host a complimentary webinar featuring PrimeSource, a $1.4 Billion Dollar company and the largest distributor of building materials in North America who successfully centralized operations and fast-tracked accounts receivable operations.

With more than 34 distribution centers, individual collectors were burdened with dispute resolution and collections management across thousands of invoices. Catering to the heavy work volume was a daunting task, so PrimeSource chose to address the challenge by leveraging HighRadius™ A/R automation technology. The team looked for a solution that integrated processes across the credit-to-cash lifecycle and which automated customer correspondence, fast-tracked dispute resolution through expedited cross-departmental collaboration, and improved collector efficiency by automating dunning-account prioritization.

PrimeSource cracked the code on the project by adhering strictly to the Principles of A/R Transformation. They benchmarked the processes against industry standards, planned the project extensively to safeguard against possible risks and ensured zero disruption in the existing A/R processes. Finally, they evaluated the process across multiple parameters, including improved collector efficiency and reduced open A/R.

Join Felicia Kemp, Senior Credit Manager and Adil Khan, Business Analyst, from PrimeSource to hear the ground-breaking execution of their successful A/R transformation journey.

The webinar will be co-hosted by Jeff Sojka, Enterprise Account Executive from HighRadius, and offers 10 Professional Development (PD) Points. To register for the webinar, please click here.

Title: Integrated Receivables 101 with PrimeSource: Benchmarking, Project…

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