A business was experiencing a high percentage of past due invoices and needed help streamlining their workflow. With three different ERP systems, the business built up an accounts receivable backlog that included a high number of disputed invoices. The processes they were using were inefficient and resulted in collection disputes.
MetaExpert Nilesh helped re-engineer the entire collection process, automating the workflow and establishing a clear dispute management approach. An escalation metric was also implemented for issues of title control.
MetaExpert Nilesh worked to streamline the workflow, which reduced the high percentage of past-due invoices.
$15 M worth of cash flow was released, decreasing the average monthly past due amount by approximately 20%. This resulted in around $1.15M in interest savings.
ROI(corporate finance) the amount, expressed as a percentage, that is earned on a company's total capital calculated by dividing the total capital into earnings before interest, taxes, or dividends are paidMore (Definitions, Synonyms, Translation)
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