Overview

After rapidly expanding through acquisitions, Bishop Lifting, a leading crane and rigging equipment provider with 45 branches across the US and Canada, turned its focus to consolidating financial systems. With staff handling up to 1,000 invoices daily across 5,000 active accounts, collections processes were often unoptimized due to the sheer volume and lack of a systematic approach. Extended DSO and inconsistent customer experiences across locations underscored the need for a unified solution. Bishop Lifting sought a tool that could standardize processes across all branches while efficiently automating high-volume operations.

Within just six weeks, Stuut went live, immediately automating invoice delivery within an hour of creation. Its AI agents now handle 91% of outbound communications and respond to customer inquiries in under two minutes. Over seven months, the system reduced overdue receivables by 35% and a two-day improvement in Days Sales Outstanding (DSO), unlocking $3M in working capital benefits while enabling the team to manage 50% more accounts per employee.

Key Metrics

6 Weeks Go-Live Time
91% Outbound Communications Automated
35% Reduction in Overdue Receivables
2 Days Sales Outstanding (DSO) Improvement
$3M Working Capital Benefit
Ability for employees to handle 50% more accounts
2 Minute Average Response Time to Customer Inquires
Cash App live as the next phase of expansion

Over seven months, the system reduced overdue receivables by 35% and a two-day improvement in Days Sales Outstanding (DSO)

Case Studies

EZG Manufacturing

Industry:

Manufacturing

How a Two-Person AR Team Collected $11.67M on Autopilot While Cutting DSO by 5 Days

EZG Manufacturing's two-person AR team partnered with Stuut to automate collections without adding headcount. Stuut collected $11.67M automatically, reduced DSO by 5 days, and freed up 20 hours per week, leading EZG to expand the platform to a sister company.

PerkinElmer

Industry:

Medical Device

Overdue invoices reduced from 50% → 15% in one year

PerkinElmer partnered with Stuut to modernize its global receivables during a corporate carve-out, reducing overdue invoices from 50% to 15% in one year and unlocking $300M in cash flow that fueled two acquisitions and scalable growth across multiple regions.

Bishop Lifting

Industry:

Manufacturing

35% Reduction in Overdue Receivables

Bishop Lifting used Stuut to unify and automate its collections across 45 branches, reducing overdue receivables by 35%, improving DSO by two days, and unlocking millions in working capital within seven months.