Case Study: Hokodo cuts DSO by 75% and boosts collections with Upflow

How Hokodo Cut DSO by 75% and Increased Collections with Upflow

Hokodo, a fintech company based in London, was struggling to manage accounts receivable as it expanded into new markets. Its finance team relied on multiple spreadsheets and a decentralized collections process, which made it hard to track invoices, coordinate follow-ups, and maintain an effective cash collection strategy.

To solve this, Hokodo implemented Upflow’s accounts receivable and collections platform, centralizing invoice tracking, automating workflows, and improving cash flow analytics. With Upflow, Hokodo reduced DSO by 75% from 8 days to 2 days, increased its cash collection rate by 20%, and avoided an estimated €300,000 in salary costs for additional hires, while also sending over 1,000 SMS reminders through the platform.

Hokodo

Blair Cooper

Head of Operations & Collections