SEMZ Streamlines AR Processes and Boosts Cash Flow with Kolleno
We recently had an insightful conversation with Jon Purcell, Director at SEMZ, discussing the evolving nature of the property market in Melbourne, the inherent challenges of managing construction projects, and the role of technology in their day-to-day operations.
SEMZ is a boutique Property Advisory and Project Management firm based in Melbourne. Standing out for their tailored approach, SEMZ ensures their solutions are always highly personilised and crafted individually according to each client’s specific needs.
However, the bespoke approach posed challenges for SEMZ. With the volume of projects growing and each client requiring a different invoicing structure, SEMZ faced a growing pressure in managing their accounts receivable.
Recognising the need for a transformative solution, SEMZ turned to Kolleno’s accounts receivable management platform. By integrating Kolleno with Microsoft Dynamics ERP, SEMZ was able to completely automate their invoicing and payment chasing. Kolleno’s real-time dashboard and AR analytics ensured that SEMZ could now stay on top of their receivables and make more informed decisions.
The results of the integration were remarkable. With Kolleno in place, SEMZ achieved 90% on-time payment collections in the first 5 months. More than that, it was also about operational efficiency — as the team saved an average of 7 hours a week on manual work and repetitive collection tasks. This did not only make their cash position healthier, but also freed up time to focus on what they do best: providing bespoke property solution to their clients.