how six companies maximized cash flow
With One AR Solution
Enhancing Financial Operations
TCD leverages AR Expertise and advanced accounts receivable (AR) automation, including bots and AI, to revolutionize cash flow maximization for businesses. Integrating seamlessly with ERP systems and customer payment portals, TCD’s solutions offer rapid, precise payment tracking and reconciliation. This approach not only enhances financial forecasting through real data but also marks a significant shift from unreliable predictive models. We’ll delve into how TCD’s expertise and technology have transformed the financial operations of six example companies, leading to marked improvements in efficiency, bottom-line performance, growth, and accurate cash flow predictions.
Manufacturer reduces chaos through enhanced process control
The Challenge
A $100 million manufacturer faced receivable chaos, compounded by high dispute levels and staff turnover, negatively impacting billing and customer relations.
The solution
TCD’s integration of automated AR solutions, including bespoke RPA bots and AI, optimized payment tracking and dispute resolution.
The results
- 54% reduction in past-due balances
- 33% decrease in bad debt
- Significantly enhancing cash flow and enabling expansion
Restaurant Service Provider Overhauls Collection Processes
The Challenge
With over 30,000 customers, the AR department struggled with high turnover and outdated systems, leading to increased past dues and high bad debt levels.
The solution
TCD’s comprehensive AR automation streamlined collections and account management to aggressively control past dues and focus collectors on problem accounts.
The results
- Dramatic improvements across division portfolios
- 50% reduction in A/R overhead costs
- 37% increase in cash flow, allowing for further acquisitions
Medical Service Provider Undergoes Strategic Turnaround
The Challenge
$400+ million business faced delinquency issues, with over 25% of receivables past due caused, in part, to a decentralized collection effort with no standard process or collection tool.
The solution
Implementation of TCD’s AR automation, enhancing payment tracking reducing disputes, collecting past due charges, and setting up payment plans.
The results
- Reduction of over 60-day sales balances to less than 3 percent
- Saved over $300,000 in borrowing costs
- Boosted cash flow by $1.5 million monthly
Financial Services Company Improves Compliance and Efficiency
The Challenge
A $200 million decentralized company needed to address billing issues and collection challenges with non-PO receivables in a regulated environment.
The solution
TCD’s tailored AR solutions brought precision in payment tracking, collection processing, cash application, and risk mitigation.
The results
- Enhanced compliance and operational efficiency
- Increased cash flow by 27%
Manufacturer Leaps Ahead with AR Management
The Challenge
A fast-growing $400 million manufacturer struggled with high DSOs and lackluster performance from their internal credit department.
The solution
TCD’s AR automation provided significant improvements in past due performance and dispute resolution.
The results
- Past due percentage improved from 35% to over 70%
- Cash flow increased by $10 million
- Operational efficiencies netted an additional $4 million in cost savings, including reduced interest expense, throughout the organization
Manufacturer Innovates with AR Technology
The Challenge
Manufacturing firm with ineffective AR management, 33% of receivables past due and 10% of the past due disputed.
The solution
Implementation of TCD’s cutting-edge AR solutions, including AI and bot sweeps of customer portals to alert departments around the company of disputes and missing billings.
The results
- Past due percentage improved to less than 20%
- Disputes reduction of nearly 50%
- Enhanced overall financial health to support expansion through acquisition
A New Era in AR Management
TCD’s combination of unsurpassed knowledge of the process of managing trade receivables portfolios, along with vast industry expertise and advanced AR automation has ushered in a new era of financial operation management, demonstrating significant benefits in efficiency, cash flow enhancement, and cost reduction throughout the organization. This transformation underscores the power of digital innovation in optimizing AR processes, offering businesses a robust strategy for sustainable growth in cash flow to match revenue growth in a rapidly evolving digital landscape.
