Case Study: Action Elevator frees up to $1M in monthly working capital with Stuut

Action Elevator collected $4.3M in 4 months with Stuut

Action Elevator, a PE-backed elevator services business, faced a challenge with its long tail of smaller accounts receivable. After a large acquisition, the team focused on major customers, causing hundreds of smaller accounts to become severely overdue. It was not economical for the team to manually chase these small, $300-per-month customers, so the balances piled up. The company turned to Stuut for a solution to this problem.

Stuut took over the entire outreach process for these overdue accounts, using its service to handle email and voice communication consistently. Over a four-month period, Stuut helped collect $4.3 million from these invoices. This effort freed up an estimated $500,000 to $1 million in working capital per month for Action Elevator, turning a previously unmanageable accounts receivable burden into a predictable source of cash.

Action Elevator