Case Study
Large Completions Provider
Leading provider of integrated completions supporting customers in the most demanding U.S. land basins. Client since 2021.
Before
59
Days to Pay
After
55
Days to Pay
$53M
Cash Freed
The Situation
A large completions provider needed a credit function built on real financial and third party data, not informal judgment calls, ahead of a period of significant growth and, eventually, a major industry merger.
What CashLine Did
- Established a credit function using financial statements and third party data sources
- Built collections processes that held up through a major industry merger
- Maintained consistent AR discipline through a period of major organizational change
The Result
Days to pay improved from 59 to 55, freeing up $53M in cash. The client has had no significant bankruptcies or bad debt since onboarding in 2021, including through the merger.
See What This Could Look Like for You
Calculate your potential savings, or talk to our team directly.