Stuut | PerkinElmer
Explore Stuut with AI
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.
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Case Studies
Lift Solutions
How Lift Solutions Cut Payment Time by 11 Days Across 3 ERPs
Industry :
Manufacturing
A PE-backed industrial services business was stuck chasing invoices across three disconnected ERPs. Stuut unified collections, cut payment time by 11 days, and helped collect $4.7M in one month without adding headcount.
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HiBid
How HiBid Cut External Collections Write-Offs in Half and Saw Stuut Pay for Itself in One Quarter
Industry :
Marketplace
HiBid replaced a scattered collection effort across sales and support with centralized AI calling, covering 6,878 accounts while keeping its finance team lean.
Read More](/content/case-studies/hibid/index.html)