Tankersley Foodservice is committed to doing “Whatever it Takes” for customers. That includes offering an array of payment options and assurances that payments get posted to accounts quickly and efficiently within their back-office system. By implementing an integrated receivables solution, Tankersley has been able to stay true to that mission while driving significant internal efficiencies.
A family-owned company headquartered in Van Buren, AR, Tankersley provides a full line of food service products, equipment and supplies to clients in Arkansas and four adjoining states, Oklahoma, Kansas, Missouri and Texas. Historically, those clients paid by cash or check, but as the company grew, the processing and posting of those payments became ever more time consuming and error prone. Tankersley also wanted to offer customers more payment options.
So the company deployed an integrated receivables platform that supported mobile remote deposit capture of customer checks received by their representatives in the field, as well as new online and other electronic payment options. “The process is so much more efficient,” Brandy Darr, Credit Manager, told FTNI’s Zac Robinson. “It’s like the difference between night and day.”
Listen to this Spotlight Series interview to learn how the move to integrated receivables has allowed Tankersley Foodservice to:
- Quickly realize its return on investment
- Reduce it’s A/R headcount
- Streamline A/R processes
- Improve cash flow
- Reduce days sales outstanding
- Consolidate banking relationships
Click below to get the lowdown on how Tankersley made the transition to integrated receivables, and for Darr’s advice to other companies looking to achieve the benefits of a truly integrated receivables platform.
Originally posted 3/31/2020