Case Study: Yokohama Tire Corporation achieves faster cash collection with Corcentric Managed AR

Yokohama Tire Corporation cuts cash collection time by 59% with Corcentric

The customer, Yokohama Tire Corporation, faced a challenge in managing its expanding parts division. As the business grew, its internal billing and collections processes required a higher level of expertise and technology. The company engaged vendor Corcentric to help improve its receivables process.

Corcentric implemented its Managed AR solution and the Corcentric Platform. This outsourced the manufacturer's billing and collections while enabling electronic invoicing for its customers. The solution delivered significant processing efficiencies, a 59% reduction in cash collection time, and an 86% decrease in discrepancies. According to Corcentric, this contributed to a significant increase in annual revenue for the parts division and improved customer acquisition and retention.

Yokohama Tire Corporation