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
