Case Study: Lennox EMEA improves working capital with Esker

Lennox EMEA improves working capital by $500,000 with Esker

Lennox EMEA, a heating and refrigeration solutions manufacturer, faced the challenge of modernizing its manual finance processes, which included handling 70,000 customer and supplier invoices annually across multiple ERPs. Seeking to improve efficiency and working capital, the company partnered with vendor Esker to automate its order-to-cash and source-to-pay cycles.

Esker implemented its Invoice Delivery, Collections Management and Accounts Payable solutions to centralize information and reduce paper handling. This automation provided better visibility, strengthened collections follow-up and accelerated invoice processing. The results included a 50% reduction in overdue receivables for small accounts and a €500,000 improvement in working capital requirements.

Lennox EMEA