Case Study: Veeva Systems cuts 90-day aged receivables by 50% with Tesorio

Veeva Systems cuts 90-day aged receivables by 50% with Tesorio

Veeva Systems, a provider in the life sciences industry, faced challenges with its accounts receivable as rapid growth led to complex customer payment patterns. Their AR team relied on manual spreadsheet tracking, which resulted in missed follow-ups, limited cash flow visibility, and rising bad debt. To address this, they turned to Tesorio's AI-driven accounts receivable platform.

By implementing Tesorio, Veeva Systems utilized AI-powered prioritization and automated dunning sequences to proactively manage collections. This solution delivered significant results, including a 50% reduction in 90-day aged receivables. The vendor's tools also saved the team 75% of their time and doubled overall collections efficiency without adding headcount.

Veeva Systems