JBS is the largest meat producer in the world with annual revenues of $53 Billion and ranks #191 in the Fortune Global 500 list.
The receivables team at JBS relied on legacy systems to process $1.3 Billion receivables. The team faced a multitude of challenges including high volume of manual errors in cash application and rework, ad-hoc collections process and inability to track KPIs such as DSO, Net Recovery Rate and Bad-debt.
These challenges led to high cost of accounts receivable operations with a potential to save more than $1 Million every year and left millions in working capital tied in receivables, holding back business growth and investments.
Learn how JBS took a holistic approach to address the challenges across the credit-to-cash cycle with an integrated receivables framework to achieve: