Case Study: Boscia & Boscia PC achieves 99% collection rates and faster cash flow with Anchor

Boscia & Boscia PC reaches 99% collection rate and $700K collected upfront with Anchor

Boscia & Boscia PC, a multi-generational accounting firm, faced significant challenges with its manual and inefficient payment system. The firm, which served over 1,400 clients, relied on checks and various digital payment apps, leading to constant reconciliation issues and an average of $150,000 in unpaid accounts receivable. Their collections process consumed entire summers, and they avoided credit cards due to processing fees, resulting in structurally slow revenue.

The firm implemented Anchor, a consolidated billing system, which allowed them to pass credit card processing fees to clients and offered autopay functionality. This solution transformed their collections, achieving a 99% collection rate with an average payment time of just five days. The measurable impact for Boscia & Boscia was profound: they now collect approximately $700,000 before tax season begins, freed up $150,000 in working capital, and captured an additional $30,000 in revenue from previously unbilled work.

Boscia & Boscia PC