Case Study: MARTEC Australia slashes overdue accounts by 80% with ezyCollect

MARTEC Australia slashes overdue accounts by 80% with ezyCollect

MARTEC Australia, a distributor of lighting and bathroom fixtures, faced significant challenges in managing its accounts receivable. With over 3,000 customers on account and a variety of trading terms, their manual process using spreadsheets and emails was inefficient and provided poor visibility into overdue accounts, which stood at 27%. To address this, they turned to the ezyCollect platform for automated debtor management.

By implementing ezyCollect, MARTEC automated its payment reminders and gained a centralized system for debtor communications. This solution from ezyCollect led to an 80% reduction in overdue accounts, bringing them down to just 5%. The automation also saved the company an estimated eight hours of staff time per day, allowing employees to be redeployed to other tasks while significantly improving cash flow predictability.

MARTEC Australia