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Daikin was able to increase AP productivity, reduce its carbon footprint and provide its valuable Vendors with fast and convenient payment.

As part of their "cost down initiative," Johnson sought a solution to automate checks to ACH payments. 

Daikin Applied Americas needed to upgrade its time-consuming manual paper check AP payment system to meet rapid business growth demand and corporate efficiency goals. With over 50,000 Vendor payments made on an annual basis, it was looking for a way to automate paper transactions to electronic through ACH functionality.

 

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AP and AR: Common Problems, Common Solutions

The gulf between Accounts Payable and Accounts Receivable isn't as wide as it seems. These seemingly siloed functions share common problems and--even more importantly--common opportunities for transforming financial operations across the organization. Here, we share areas of overlap and opportunities for businesses to reduce DSO and DPO, capture discounts, reduce process complexity, and improve visibility into these functions and their core activities.

eBook
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AP Automation Webinar: Reduce Costs and Increase Control

Watch this on-demand webinar recording where we’ll explore how to gain better insight into the benefits, best implementation approaches and practical considerations of AP Automation.

On-demand webinar

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