Case Study
PerkinElmer
Overdue receivables from 50% to 15%, and two acquisitions funded
PerkinElmer modernised global receivables during a complex corporate carve-out. Within a year, overdue receivables had fallen from half the book to 15%, and the cash it released funded two acquisitions.
Proven Results That Matter
Modernising receivables mid-carve-out
PerkinElmer partnered with Stuut to modernise its global receivables process during a complex corporate carve-out — the point in a company's life when process debt is least affordable and most likely to surface.
Stuut engineered a fully tailored solution, enabling a seamless rollout across the US, EMEA, and India, with APAC to follow, 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 fuelled two acquisitions. $300M has been collected through the programme thus far, with 80% of tail customers managed through automation.
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
Life sciences & diagnostics
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
