Receivable Management Customer
The collection of AR not keeping pace with unprecedented growth. All key financial indicators were lagging behind acceptable levels.
Sales volume: $400 million
Customer of Bucar Group: 3 years
Bucar implemented a systematic receivable management strategy with best practice techniques executed consistently throughout the customer base.
Within one year, DSO was reduced by 28%, percentage past due reduced to 15%. And disputed balances were reduced by 62%. The company has benefitted many fold from these reductions including the bank ABL availability has increased. The company now has substantially improved financial performance across all measurable areas.
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