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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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