Straive Data-driven Collections Team Helps Improve Cash Flow and Reduce Bad Debt Provisions

Challenge

The rapid growth of Open Access publications led to a substantial increase in the volume of small-value invoices for the customer. This surge overwhelmed the existing invoicing system, creating a challenging environment where the sheer quantity of transactions became difficult to manage.

Invoice

Straive Approach

Straive adopted a strategic approach to address the client’s challenges. A dedicated team was assembled and proactive measures were implemented to streamline payment collections. A comprehensive, data-driven strategy focused on improving success metrics and ensuring a positive end-customer experience.

Impact Generated

  • Successfully collected €20 million in overdue receivables within the first year of operation
  • Over 25,000 invoices have been cleared, averaging over 2,000 invoices per month

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