Celigo
94 Case Studies
A Celigo Case Study
Spectrio, a leading subscription-based audio and video marketing technology company serving brands like Whole Foods and Papa Johns, faced a bottleneck in cash application. Despite using a bank lockbox, the company processed about 3,000 check payments per month and required a full-time employee to spend 30+ hours weekly on manual data entry, reconciliation and discrepancy investigations, delaying visibility into cash flow during a period of rapid growth.
By implementing Celigo’s Cash Application Manager — an out-of-the-box solution that was quick to install and configure — Spectrio automated secure bank file imports, invoice matching and exception flagging. The company immediately matched over 90% of lockbox payments, cut AR processing to roughly 1 hour per week, reassigned a full-time employee to higher-value work, gained daily verified cash visibility, improved customer payment insights, and avoided additional headcount.
Aaron Kleinhandler
Chief Executive Officer