Finance Accounting

Uncovering hidden treasure

A $1.65 bn organic products company had 5-year aged balances totalling $2 Mn in its accounts receivables. Senior Vice President, Shared Services, and Chief Information Officer, Lewis Costa undertook responsibility for cleansing the credit balances and thereby enhancing the company’s financial statements. This case study details how a team from Infosys BPM helped Lewis conduct due diligence, identify the root causes for aging, raise $276K cash through diligent collections, and positively impact the P&L statement by $1.1 Mn.