Overview

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.

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.

Key Metrics

Overdue invoices reduced from 50% → 15% in one year
Collected $300m thus far
Multi-region, multi-language rollout (US, EMEA, India, APAC next)
80% of tail customers managed through automation
Two company acquisitions enabled via improved cash flow
Lower error rates for CX and prioritized workflows

Stuut’s automation not only streamlined routine collections but also created a repeatable growth flywheel.

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.