Nice-Pak/PDI, founded in 1955 and headquartered in Orangeburg, NY is the largest global producer of pre-moistened wipes, including brands such as the original Wet-Nap® Moist Towelettes, Sani-Hands® Instant Hand Sanitizing Wipes, and Sani-Cloth® Germicidal Disposable Wipes. The company pioneered the development of pre-moistened wipes as the optimum dispensing system for cleaning, sanitization and disinfecting in healthcare, household, cosmetic and personal hygiene applications. Nice-Pak/PDI leverages state-of-the-art product development and manufacturing capabilities to supply superior, leading-edge products to every class of trade.
Nice-Pak/PDI is using LX as their ERP system across their organization. Prior to the Cashbook implementation, the company was struggling with:
Nice-Pak/PDI wanted a solution that could automate all the above manual processes for them. They felt they were spending a lot of time on repetitive manual work that could be avoided. Nice-Pak/PDI decided that Cashbook was the best solution available to solve these issues. Nice-Pak/PDI decided to implement all modules of Cashbook’s Cash Application automation software, in different phases. The Cashbook Cash Application automation solutions for Nice-Pak/PDI were all fully customized to suit their specific business requirements.
The different phases of implementation of all Cashbook modules for Nice-Pak/PDI went as follows. Firstly in 2011, Nice-Pak/PDI implemented the Cashbook Global Payments and Bank Reconciliation automation solutions. In 2014, they implemented the Cashbook Cash Application automation module. 2015 saw the Cashbook Cash Manager module with AR and AP aging, and Excel imports for automation of AR Write-Offs and Netting. In 2016, Nice-Pak/PDI implemented the Cashbook Global Payments module for their operation in Canada. They also added FX Wires to the Integrated Payments solution for both the US and Canada. In 2017, they implemented EDI 820 Imports and Algorithms for their large big-box retailers in North America. All these Cashbook modules brought a high level of automation to each process for Nice-Pak/PDI, the results and benefits were immediate and highly effective. See the full detailed results of the transformation below:
Cash Manager: our software pulls in all Bank, ERP, and Cashbook data. Cash Manager sits on top of all other Cashbook modules and gives Financial Controllers, CFO’s, Treasury, and CEOs a better handle of their cash flows. The information in real-time, reflecting the latest changes on your ledger or the latest bank statement uploads. Cashbook stores information about every bank account. We track information about every bank account’s receipts and payments on a daily, weekly, and monthly basis. Cashbook Cash Manager provides look-ups and exports of: