Cooks Company Produce achieves 22% faster collections with Cut+Dry Pay
Regional Produce distributor serving restaurants and schools.
45%
increase in the number of invoices paid online in the last year.
-22%
in average collection time, decreasing from 30.3 days to 23.7 days.
Challenge
Cooks Company faced significant operational and cash flow delays due to entirely manual accounting and collection processes .
- Accounting relied on manual inputting, postings, and sending paper or PDF invoices.
- The accounting team spent excessive time on processing manual deposits and account reconciliation.
- Average collection time was over 30 days.
How They Did It
- Implemented Cut+Dry Pay to modernize the collection process through digital ACH and credit card payments.
- Enabled automatic ERP postings, allowing every digital payment to be reconciled instantly without manual intervention.
- Provided operators with a self-serve dashboard to view real-time balances and manage all invoices (current and past) in one place.
- Leveraged automated payment reminders and the option for customers to set up “set and forget” AutoPay.
Wins
Cooks Company transformed their receivables process, significantly improving cash flow while reducing administrative labor.
“Prior to partnering with Cut+Dry, we did everything manually – manual inputting, manual postings, paper & pdf emails to customers. We are getting paid faster with digital payments and auto postings and customer feedback has been extremely positive.Cut+Dry has been a big win for sales and accounting!”
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