SDL is a global leader in content creation, translation, and delivery, working with 90 out of the top 100 global brands.
SDL is a global leader in content creation, translation, and delivery, working with 90 out of the top 100 global brands. The company has 59 offices in 39 countries, and the sheer volume of their services required a significant amount of time to apply cash.
Prior to Rimilia, SDL’s cash application was managed by disparate local finance offices. The time-consuming, tedious process relied on their knowledge and attention to detail. However, after pivoting to a shared service centre model and implementing Rimilia, credit controllers have returned to managing collections, reducing the amount of bad debt and shortening customer payment cycles (DSO). Bank files are now loaded at 10AM and within a few hours, cash application is nearly completed.