Case Study
PerkinElmer
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.
Proven Results That Matter
50% → 15%
Overdue invoices
$300M
Collected 1st year
80%
Of tail customers automated
Modernising receivables mid-carve-out
PerkinElmer partnered with Stuut to modernize its global receivables process during a complex corporate carve-out.
Stuut engineered a fully tailored solution, enabling a seamless rollout across the US, EMEA, and India (with APAC coming soon) while ensuring PerkinElmer maintained high-quality service for its customers throughout the transition.
From half the book overdue to 15%
Within a year, overdue receivables dropped from 50% to 15%, unlocking cash flow that fueled two acquisitions.
Stuut’s automation not only streamlined routine collections but also created a repeatable growth flywheel, giving the company the capacity to scale operations and pursue M&A opportunities with confidence.
PerkinElmer at a glance
Industry
Medical devices
Context
Corporate carve-out
Regions live
US, EMEA, India
Next region
APAC
Tail coverage
80% managed by automation
Reporting period
1 year
The challenge
- Modernising global receivables during a complex corporate carve-out
- Maintaining service quality for customers throughout the transition
- Half the invoice book sitting overdue
What Stuut does
- A fully tailored solution engineered for the carve-out
- Seamless rollout across US, EMEA and India, APAC next
- 80% of tail customers managed through automation
The results
- Overdue invoices reduced from 50% to 15% in one year
- $300M collected thus far
- Two acquisitions enabled by improved cash flow
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