Case Study: VAT Compliance reduces overdue balances by 44% with Kolleno

VAT Compliance reduces overdue balances by 44% with Kolleno

VAT Compliance, a leading financial service provider for tax compliance, faced significant challenges with its manual accounts receivable processes. As the company scaled, its finance team struggled with overwhelming manual workloads, a lack of integration with its Sage accounting system, inefficient task management, and limited financial visibility. This led to accumulating overdue invoices and excessive time spent chasing payments. To address these inefficiencies, they turned to Kolleno for its accounts receivable management solution.

Kolleno implemented a comprehensive platform that integrated seamlessly with Sage, provided intelligent task management, automated reporting, and a centralized dashboard. The results were transformative: within three months, VAT Compliance achieved a 44% reduction in its overdue balance. The solution also saved the team 12 hours of work each week and enabled them to collect 90% of payments on time within the first five months, drastically improving cash flow and operational efficiency.

VAT Compliance