How JBS Unlocked $6M Working Capital Through Integrated Receivables Methodology

How JBS Unlocked $6M Working Capital Through Integrated Receivables Methodology

About the Video:

JBS is the largest meat producer in the world with annual revenues of $53 Billion and ranks #191 in the Fortune Global 500 list.

The receivables team at JBS relied on legacy systems to process $1.3 Billion receivables. The team faced a multitude of challenges including high volume of manual errors in cash application and rework, ad-hoc collections process and inability to track KPIs such as DSO, Net Recovery Rate and Bad-debt.

These challenges led to high cost of accounts receivable operations with a potential to save more than $1 Million every year and left millions in working capital tied in receivables, holding back business growth and investments.

Speakers:

Shreepad Ankalgi, JBS USA

Shauna Carr, JBS USA

Jay Tchakarov, HighRadius