A private equity-owned auto parts distributor had inefficient internal finance processes, causing excessive cycle times that resulted in poor customer experience and overdue accounts receivable.
The company needed to transform their AR functions to optimize the collections strategy and improve the customer experience.
Reduced outstanding AR by 30% in 5 months
Implemented technology to reduce credit decisioning by 85%
Reduced 70% of paper statements within 12 months
Identified 10% improvement in enhanced working capital and enhanced ability to expand credit capabilities
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