See how paper invoicing increases Puma's Days Sales Outstanding.

1. Puma &
Steve’s Shoes
Welcome to Billtrust

2. 2 | © Copyright 2019 Billtrust. All rights reserved.
Steve's Shoes ordered 100 Suede Classics from Puma and Puma mails the
invoice to Steve's Shoes.

3. 3 | © Copyright 2019 Billtrust. All rights reserved.
Because Puma mailed the invoice on a federal holiday and the postal service
was closed, the invoice was delayed an extra day and arrived at Steve's Shoes
in eight days.
20
Federal
holiday
+ 8 days

4. 4 | © Copyright 2019 Billtrust. All rights reserved.
The invoice was due in 30 days. Steve's Shoes decided not to send their
payment until the due date...
Due: 30 days
+ 30 days

5. 5 | © Copyright 2019 Billtrust. All rights reserved.
... but Steve’s Shoes noticed that they were incorrectly billed for 110 Suede
Classics. They spent an extra day resolving the incorrect charge with Puma
before sending their payment. Puma waived the late payment fee.
110 Suede
Classics
+ 1 days

6. 6 | © Copyright 2019 Billtrust. All rights reserved.
Steve's Shoe's payment arrived at Puma seven days later where it needed to be
processed. 
+ 7 days

7. 7 | © Copyright 2019 Billtrust. All rights reserved.
Processing the payment took another seven days because Puma was receiving
a particularly large volume of remittances and they needed to manually enter
information into their systems.
+ 7 days

8. 8 | © Copyright 2019 Billtrust. All rights reserved.
Finally, when the payment was applied, Puma could re-invest the money in its
operations.

9. © Copyright 2019 Billtrust. All rights reserved.