The Windmill EasyCash solution provided immediate and significant benefits, proving to be a perfect fit for Weber Supply.  Here are some of the quotes provided by Ben Zinken CPA, Controller at Weber Supply.

CUSTOMER SNAPSHOT

INDUSTRY: A leader in the industrial and safety distribution field, Weber Supply leverages advanced technologies to offer unique solutions for customers with the goal to offer cost saving opportunities throughout the procurement channel.

KEY OBJECTIVES

•Reduce time of cash application
•Reduce overtime
•Reduce month end closure
•Reduce collection activities

RESULTS

•Reduced month-end closing from 7 days to hours
•Improved DSO and Cash flow
•Allocated staff to value added tasks

“One of our customers, a large car manufacturer, pays their invoices once a month with a single payment.  The remittance that comes with it is about 80 pages long and covers more than 1,000 invoices at a time.  It used to take us over six hours to process that single remittance.  Now we get it fully processed in less that 30 minutes.”

“Our accounts receivable team used to be tied up with capturing data.  They are now available to do added-value work like addressing aging issues or dealing with customer inquiries.  From a bottom-line perspective, their reassignment has contributed to reducing our DSO and freeing up our cash flow significantly”

“Weber’s cash allocation was highly manual, which posed challenges given the nature of our business” noted Ben Zinken CPA, Controller. “Servicing many organizations means a substantial volume of remittances to process daily. This laborious task significantly impeded the productivity of our financial team.”

Ben highlighted three key challenges.

• We have a small finance team that is struggling to keep up with the high volume and diverse range of remittances.
• Customer’s account balances are often inaccurate, as payments take a couple of days to process.
• Month-end closures required extensive overtime, yet reconciling balances often extended days past closing.

“Our goal is to streamline and automate the cash application process.” noted Ben.

Windmill introduced Weber to their EasyCash cash application solution, provided demonstrations using Weber’s own remittance samples and connected Weber with their existing customer for firsthand insights.

After thorough evaluation, Weber confirmed EasyCash as the ideal solution and continued leveraging a trusted partnership with Windmill.

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