Case Study: PerkinElmer reduces overdue receivables and unlocks $300M in cash flow with Stuut

PerkinElmer - Customer Case Study

PerkinElmer, a global company, partnered with the vendor Stuut to modernize its accounts receivable process during a complex corporate carve-out. The challenge was to overhaul its global receivables operations across multiple regions while maintaining high-quality customer service throughout the transition.

Stuut engineered a fully tailored solution for PerkinElmer, enabling a seamless multi-region rollout. The implementation of Stuut's automation streamlined collections and created a repeatable process. As a result, overdue receivables were reduced from 50% to 15% within one year, unlocking $300 million in cash flow. This improved financial position directly fueled two company acquisitions and provided the capacity to confidently scale operations.

PerkinElmer