How EstimateOne saves 376 hours and collects AU$ 83.3k faster with Peakflo
"Our finance team is quite pleased with Peakflo's performance, we believe it does save time and effort in managing cashflows."
Financial Controller, EstimateOne
See How Much EstimateOne has Saved with Peakflo
hours saved since joining
(AU$) collected faster
(AU$) annual economical benefits collected
Based in: Australia
Peakflo customer since: March 2022
Invoices per month: 7,000
EstimateOne is a tender management platform connecting commercial builders and subcontractors.
Key Takeaways 🔑
EstimateOne’s three-women financial team had a tough time due to manual management of account receivables, consuming most of their time and hindering them from growing their business. Payments were recorded in spreadsheets – which didn’t provide them much visibility on overdue invoices.
After syncing their accounting software with Peakflo, managing receivables was much simpler as they could chase payments easily with the automated email reminders. Plus, EstimateOne was able to gain more insights into customers’ invoice status through the comprehensive reports. With the help of Peakflo, EstimateOne has increased their productivity & collected payments faster.
Lack of visibility due to manual spreadsheet tracking
It was time for EstimateOne to step out of invoice tracking spreadsheets maintained for individual merchants. Their finance team needed to shift to a centralized workspace where all stakeholders could monitor and get more visibility on the status of invoices.
Increased visibility thanks to the comprehensive reports
There were two reports that have played a key role in streamlining EstimateOne’s receivables management. First, the customer status tracking report where they could track overdue invoices and how long the invoices have been overdue.
“We use the customer status tracking report to predict our customers' payment behavior.”
Michelle ByrnesFinancial Controller, EstimateOne
Problem: Difficulty in chasing invoices due to time-consuming follow-ups
Solution: Collections made easy with Peakflo’s automated payment reminder workflow
"We appreciate the customized workflows as it allows us to create an optimal workflow that includes reminder emails, SMS messages, and phone calls."