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CASE STUDIES
Key Operating Division of $9B Media Conglomerate Selects Creditek to Manage Invoice-to-Cash process
Objective
  • Clean up significant AR backlog
  • Provide access to state-of-the-art A/R & Deduction Management system
  • Improve customer relationships
  • Accelerate process improvements
  • Leverage lower cost, high caliber labor markets in rural US

Scope

  • Total A/R invoice to cash process for all customers
  • Total account resolution
    • Invoice Collection
    • Resolution of Disputes & Deductions
    • Order Release/Hold Management
    • Cash Application

Results

  • Reduced Days Deductions Outstanding from 462 days to 65 days
  • Reduced A/R past 60 days from 8% to 2.3%
  • Reduced Deductions as a % of A/R from 19.8% to 2.5%
  • Increased recovery of Deductions by 225%, yielding $15.5M annually
  • Significant improvement in customer contact and coverage
  • Significant improvement in management reporting and analytics

 
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