HighRadius' Customer Konica Minolta Wins the "Best Cash Forecasting Initiative" Award from The Working Capital Forum [Yahoo! Finance]
KONICA MINOLTA UNSP/ADR (KNCAY)
NASDAQ:AMEX Investor Relations:
konicaminolta.com/about/investors/index.html
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Source: Yahoo! Finance
HOUSTON, December 11, 2024 BUSINESS WIRE )--HighRadius today announced that Konica Minolta has been honored at the 2024 Working Capital Awards, hosted by the Working Capital Forum. The award recognizes innovation in cash forecasting, with 33 global organizations competing this year. What challenges were they facing? 40% of their day was consumed by manual tasks and another 30% dedicated to data visualization & reporting. This left only 30% of their time for cash forecasting. Their goal was to move from monthly to daily forecasting, but their options were limited. Either increase headcount to manage the workload, or adopt technology to automate and scale their processes. What results did they achieve? Implementation of HighRadius' AI-driven cash management & cash forecasting solution helped Konica Minolta achieve: 87% better cash management efficiency 75% reduction of daily operational treasury tasks 20% improvement in forecasting accuracy 15% reduction in cash volat
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