How one growing business transformed AR and boosted cash flow

A fast growing inventory management company had a receivables problem: The firm was adding customers quickly, but customer payments were way past due and getting worse. Adding people to the collections team helped a little, but it was clear that the approach had limitations. 

The business' CFO conferred with Bart Davis, his strategic finance partner at 512Financial to find answers. They settled on implementing Centime AR – an Accounts Receivable automation solution that was part of the Centime Cash Management Suite. 

Success came quickly. Within 90 days, the business was able to dramatically cut down on past due payments, drive collections efficiency, and improve cash flow. And set the company up to scale efficiently.