See How MetaExpert Nilesh Helped Release $15M of Cash Flow and Saved $1.5M in Interest

Situation

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.

 

Actions

  1. Implemented AR management system to standardize and automate the workflow.
  2. Created new common collection strategies.
  3. Partnered with the client to redesign the dispute management process. Cutting down on lead time providing clear resolution paths.
  4. Created means for higher visibility through better reporting tools.
  5. Helped client to standardize processes in terms of implementing prioritization logic with a focus on top accounts, payment term enforcements, payment histories, etc.
  6. Helped client establish a credit hold procedure.

Results

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.

Return on Investment

$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)

See what MetaExperts can do for you

Find a MetaExpert

Ready To Get Started?
Schedule a Call Now

Get MetaExperts™ & Get it Done Now

With one phone call, email, or clicking a link schedule a time to speak with the MetaExperts™ sourcing expert. You are just minutes away from getting your improvement initiative started or re-energized.

Contact NowBecome a MetaExpert

©2021 All rights reserved, MetaOps, Inc.

Address

Corporate Address:
10343 RS Avenue
Mattawan, MI 49071
Canadian Address:
168 Beaconsfield Blvd, Beaconsfield, 
QC H9W 4A1
Mexico Address:
Circunvalación Sur 115A, Int. 6, Las Fuentes
Zapopan, Jalisco, Mexico, 45070

Support

734-425-1455
experts@metaexperts.com
envelopephone-handset linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram