Be Structured Technology Group
Be Structured Technology Group shrinks escalating accounts receivables
About Be Structured Technology Group
Since 2007, Los Angeles-based Be Structured Technology Group has supported for profit and nonprofit organizations.
Why they needed ConnectBooster
The ownership team struggled to control its substantial and continually increasing accounts receivables (A/R) balance with little progress. Many of the firm’s clients were notoriously slow to make payments. In fact, approximately $200,000 of Be Structured Technology Group’s A/R was more than 90 days past due. Additionally, Be Structured Technology Group suffered from time-consuming and complicated invoicing and collections processes that created significant operational inefficiencies. Time spent on tedious processes meant less time to focus on growing their business.
How ConnectBooster impacted their business
Be Structured Technology Group implemented ConnectBooster and, immediately, billing and payment problems began to resolve. ConnectBooster’s automated accounting system integrations eliminated redundant posting tasks and streamlined many of the company’s more complicated and error-prone processes.
With ConnectBooster, Be Structured Technology Group collected more than $12,000 in outstanding A/R within the first week, including a large payment from one of its largest managed services clients which previously didn’t abide by the specified net payment terms. The company also regained lost overhead by eliminating erroneous fees associated with its former merchant account.
In addition to enabling the company to get paid faster, ConnectBooster improved the efficiency of all billing and collections methods and reduced the labor requirements through automatically syncing information with Be Structured Technology Group’s accounting and PSA platforms. Countless bookkeeping hours were saved, and a tremendous amount of hassle.
Why they would recommend ConnectBooster
ConnectBooster’s integration with QuickBooks is almost shocking, and it automatically runs all of our financial transactions each month. I never have to worry about $200,000 sitting in A/R that I can’t use to grow my business.