G2 Top Rated HR SaaS Platform uses Bluecopa to have a stable and better cash flow using Real-time AR Observability & Reporting
With a stable month-on-month growth and retention, the SaaS platform was finding it really hard to consolidate data from 4 different data sources and build a unified dashboard.
The FP&A team working with the BU Heads and CFO struggled building models and scenarios with weeks-old data thus preventing them for making decisions. When diagnosed, the CFO noticed that the problem was three-fold,
Not able to integrate CRM, Billing and ERP data in a single dashboard
No real-time visibility into the critical AR metrics to take faster decisions
Manual credit collectors deployed due to poor collection process internally
As a result, the AR efficiency dropped and the team ended up collecting only 55% of the gross revenue.
To resolve the problems, the CFO decided to implement three critical solutions enabling the FP&A team and his board with all they sought.
Upon implementing this, the CFO saw results improving within 2 quarters and is now looking to solve his next problem around MIS and P&L reporting.
The company’s rapid growth had their Finance team play catching up. With faster customer acquisition and renewals happening every month, the Finance team struggled to collect the actual cash due to a minor issues in their AR operations. Using Bluecopa, the team tracked metrics and monitored trends to enhance their process efficiency.