Case Study: Laticrete achieves $6M boost in cash receipts with Versapay

How Automating Accounts Receivable Helped Laticrete Boost Cash Receipts by $6 Million

Laticrete, a global provider of tile and building solutions, was struggling with a highly manual accounts receivable process—handling roughly 12,000 invoices a month through legacy systems that produced poor visibility, misapplied payments, tedious dunning work, and frequent invoice deliverability issues. These inefficiencies drained staff time, lowered morale, and made it hard to prioritize collections or reliably track invoice status.

By implementing Versapay Collaborative AR and Versapay Cash Application (OCR and AI-driven cash application), Laticrete automated invoicing, improved payment matching, and gave customers a collaborative payment portal. The changes drove a $6M year-over-year lift in cash receipts for July (totaling $32M), a 23% boost in cash receipts, 97% customer adoption, 100% invoice deliverability, an 11% reduction in DSO, a $7M drop in average external financing, and a 16% improvement over cash flow forecasts—while improving customer experience and employee productivity.

Laticrete

Andrew Ceccorulli

Credit and Collections Manager