Tenth Revolution Group
accelerates cash and reduces disputes with state-of-the-art collection technology
When we started with Sidetrade we had as much as £4.5m in disputes—we are now down to £0.8m.
Tenth Revolution Group
Tenth Revolution Group is a global leader in staffing for IT professionals. Since 2006, it has helped to connect businesses of all sizes with permanent and contract workers, from start-ups needing a single developer to international enterprise clients. Over a decade later, it has offices on four continents, seven specialist hiring brands under its recruitment division, alongside its innovative talent creation brand Revolent, and more than a thousand recruitment consultants.
The challenge – steadily rising DSO and manual collection processes
Tenth Revolution Group had challenges with increasing DSO coupled with a steadily rising number of invoices and time-consuming manual credit management processes.
The receivables team were using the reports downloaded from an accounting system for debt collection, which does not work as a cash collection solution.
Challenges
- Steadily rising DSO
- Volume of invoices increasing
- Collection, reporting and prioritization were manual tasks
- Needed to invest in a system or increase headcount to hit KPIs
One of our main challenges was that we wanted to implement the solution quickly. It was great because Sidetrade were able to deliver what we were after in such a short space of time; we’re a business that doesn’t like to hang around!
