Case Study: Rentsync Slashes Bad Debt by 50% with Kolleno

Rentsync slashes bad debt by 50% with Kolleno

Rentsync, a Toronto-based rental marketing technology company, faced significant challenges with its accounts receivable processes as it rapidly grew. Their Days Sales Outstanding (DSO) had escalated to over 70 days, creating cash flow constraints, while mounting bad debt allowances and decentralized, manual collections were straining resources. To address these financial bottlenecks, they turned to Kolleno's accounts receivable management platform.

Kolleno implemented its solution, which featured seamless integration with Rentsync's Xero accounting software, automated communication workflows, and a centralized task management system. This provided Rentsync with a streamlined and efficient collections process. The results were transformative: Kolleno helped Rentsync achieve a 50% reduction in bad debt allowance, a 29% reduction in DSO, and a 1.6x increase in collections made within 30 days of being overdue.

Rentsync