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