Wesco Aircraft implements Rimilia Cash to automate their cash application and increase efficiencies.
Wesco Aircraft is the world’s leading independent distributor and provider of comprehensive supply chain management services to the global aero-space industry. Founded in 1953, Wesco has been in operation more than 60+ years and has grown to serve more than 7,000+ customers with global workforce operating across 50+ locations in 17 countries.
Wesco Aircraft was challenged with time-consuming processes to apply cash and support their enterprise resource planning (ERP) system, JD Edwards. They were updating the sales ledger and applying cash manually, plus they had multiple points of reference when applying multiple payments. All of this reduced the team’s efficiency and productivity.
Wesco selected Rimilia Cash to automate some of their manual processes and increase efficiency. Rimilia worked with Wesco’s team during each stage of the implementation to ensure a smooth transition. Prior to go-live, Rimilia provided on-site training so the teams had experience using the new solution.
Since implementing Rimilia Cash, Wesco’s cash application process has been dramatically improved. Now, Rimilia Cash has become the single point of reference when applying customer payments. Plus, Rimilia Cash has eliminated a lot of the employees’ manual and time-consuming tasks, and they can now post and apply payments directly on the sales ledger. In fact, the integration was so successful and efficiency was so greatly improved that Rimilia Cash was rolled out to the corporate headquarters located in California.
With Rimilia Cash, Wesco Aircraft has achieved:
• Auto-match rate of 91%
• Fewer manual processes
• A single point of reference when applying customer payments
• Increased focus on customer relationships
“Wesco operates in a multi-currency industry and initially, we assumed the Rimilia Cash software would not meet our high expectations. However, the team at Rimilia discussed our requirements in depth and re-configured the software to create a solution that was customized for us. We now enjoy an 85-95% multi-currency match rate, which allows the Accounts Receivable team to focus on debt collection using clean, accurate and up-to-date sales ledgers.”