Case Study: Europe's Largest Events Company reduces overdue balances by 49% with Kolleno

Europe’s Largest Events Company reduces overdue balances by 49% with Kolleno

A major European events company faced significant challenges with its manual accounts receivable process. Its finance team was spending excessive time chasing overdue payments, lacked a system for controlled data access for non-finance teams, and experienced inefficient email follow-ups that slowed collections. To address these inefficiencies, the company turned to Kolleno's credit control platform.

Kolleno implemented automated collection workflows, a mobile app for real-time payment visibility, and granular user permissions for secure data access. This solution delivered a measurable impact, including a 49% reduction in overdue balances, 27% faster payment cycles, and a 25% decrease in time spent on manual AR tasks. Kolleno enabled the company to streamline its credit control and support its rapid growth.