Drake Ready Mix: Case Study
How a Concrete Supplier Streamlined Payments and Reduced DSO
Drake Ready Mix is a growing Florida concrete supplier that has been serving the Fort Myers area for more than 16 years. The company has saved time and money since partnering with Levelset to strengthen their preliminary notice process. The team gets paid faster and has reduced their Days Sales Outstanding (DSO) using Lien Rights Management.
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The History
Like most suppliers, Drake Ready Mix is far from the top of the payment chain. General Manager Annie Drake knew that sending preliminary notices (known in Florida as a Notice to Owner or NTO) on almost all of their jobs was vital to protecting their lien rights and encouraging their customers to pay within a 30-day period. Although Annie worked with a national credit management association to send NTOs, she had to pick and choose which ones to send since the process was burdensome.
The Changes
When Annie started using Levelset’s lien rights management solution, she said it was a lightbulb moment because sending notices was no longer time-consuming. Annie was able to send more notices, house them in one place, and easily track them. Following this change, she noticed a positive shift in receivables as the company used Lien Rights Management to get customers’ attention early on.
Using Levelset is what took things to the next level. Before, we were sending a handful of notices a week. Now, we’re sending a handful a day.
Annie Drake, General Manager at Drake Ready Mix
The Results
2,032
Documents sent in 2 years
2,063
Jobs Protected in 2 years
7,064
Confirmed Job Details
The Solutions
Lien Rights Management
Our cloud-based, lien rights management platform allows you to seamlessly protect lien rights, track deadlines, file paperwork, and ultimately ensure payment on every job.
- Send your notices and lien waivers in bulk
- Receive alerts about upcoming paperwork deadlines
- Track all documents in a centralized, online location
Learn More: https://www.levelset.com/lien-rights-management/
For a growing business like ours, Levelset was a blessing at a time when we needed it. I have no regrets, and am happy I made the decision to partner with Levelset.
Annie Drake, General Manager at Drake Ready Mix
