Challenges
The rapid expansion of Open Access (OA) publications triggered a surge in small-value invoices, presenting significant challenges for a prominent global research publisher. Struggling with delayed payments and limited bandwidth to handle the mounting backlog of invoices, the publisher sought a solution.
Solutions
Straive responded strategically, forming a dedicated team and implementing proactive measures to streamline payment collections. The results were remarkable, with Straive successfully recovering approximately €20 million in overdue receivables within the inaugural year of operation. This success extended beyond the initial scope, demonstrating efficient management of both current and overdue payments.
Impact
- We optimized invoice processing, minimized payment delays
- Significantly enhanced overall financial efficiency for the customer
About Us
At Straive, we operationalize data analytics and AI for global enterprises. We leverage our unique people-process-tech framework to build the best-of-breed data analytics & AI solutions. By operationalizing this solution into your core workflow, we deliver real-world measurable impact and better ROIs through a combination of higher efficiency, elevated experiences, and enhanced revenues.
For more information about our services and how we can help you operationalize data analytics and AI, please visit our website: www.straive.com contact us at contact@straive.com.
