Case Studies
Mining the O2C Goldmine: Lhoist’s Digital Transformation Journey
Overview
Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Exchange & Integration Functional Applications - Enterprise Resource Planning Systems (ERP) | |
Business Operation | |
Software Design & Engineering Services System Integration | |
Operational Impact
Lhoist achieved a 67% increase in employee productivity by automating their cash application and collections process. | |
The automation eliminated the need for manual cash posting and remittance data capture, saving significant time and resources. | |
The Collections Cloud provided a centralized history of call logs, enabling better tracking and management of the collections process. | |
Quantitative Benefit
$70,000+ total savings in the first year | |
$10,000 Collection agency fees savings | |
$15,000 Savings through credit department overtime avoidance | |