Feature case study: Future Motors
Future Motors is a US-based car manufacturer that operates via various subsidiaries that serve multiple dealers, but operates one treasury. All dealers in the network take vehicles on credit terms throughout the year and, after a specified, pay to a single current account held by Future Motors Inc. at ABCbanc. Dealers are instructed to include their Dealer ID Number when making payments, but many forget to provide the information or enter an incorrect ID.
As a result, Future Motors incurs significant overhead related to manually reconciling payments. This also slows the process and increases sales outstanding by more than 30 days—driving up costs by $15 million annually.
Reduced costs for manual intervention and follow up by 95% thanks to auto-reconciliation of receivables
Cut sales outstanding in half by reducing errors and enabling timely follow up — saving $7.5 million annually