Case Study: Ultimate Security achieves 93% overdue reduction with ezyCollect

Ultimate Security reduces overdue invoices by 93% with ezyCollect

Ultimate Security, a provider of security services, faced significant cash flow bottlenecks and operational inefficiencies due to a high volume of complex transactions and a slow, manual accounts receivable process. To address these challenges, they sought a solution from ezyCollect to automate their invoice management.

ezyCollect implemented its AR automation platform, which integrated directly with Ultimate Security's MYOB accounting software. The solution automated communications and provided a branded payment portal for customers. This resulted in a 93.35% improvement in average days overdue, reducing them from 328 to 22 days, and led to the collection of 91% of a $20.7 million balance. The automation also saved 8.5 working days.

Ultimate Security