Case Study: TrimaxSecure streamlines accounts receivable and speeds payments with Versapay

TrimaxSecure cuts DSO by 10 days with Versapay

TrimaxSecure, a global IT services provider, faced challenges with a manual accounts receivable process that kept days sales outstanding (DSO) high and consumed excessive staff time. Their inefficient system lacked automatic payment processes and self-serve options for customers, leading to slow cash flow and customer dissatisfaction. They turned to vendor Versapay for an accounts receivable automation solution that could integrate with their Microsoft Dynamics Business Central ERP.

By implementing Versapay's solution, TrimaxSecure integrated a payment portal that automated invoicing and enabled digital payments. This resulted in a 10-day reduction in DSO and a 25% decrease in staff time spent on AR. The vendor's platform also led to greater customer satisfaction, with 99% of customers switching to digital credit card payments. Versapay streamlined operations and created a frictionless payment experience.

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