Customer story

Hadrius cuts DSO from 82 days to 11 with Invoice Butler

82 → 11 days
DSO after switching to Invoice Butler
90%
collection rate
7x
faster payments
Zero
internal collections hires
Thomas Stewart picture
"If you're a high growth company, you should just get Invoice Butler. It's a high leverage move, you can spend less time on collections and get additional fuel to drive growth without having to add headcount."
Thomas Stewart
CEO and Co-Founder, Hadrius
Challenge

One person manually chasing invoices from the world's most sensitive customers

Hadrius, the AI-native compliance platform for SEC- and FINRA-regulated financial firms, serves hundreds of institutions, and every one of them gets invoiced. Before Invoice Butler, collections was a manual process, and Austin Kim, Founding Operations Lead, was the person doing it: writing and sending payment follow-up emails himself, one at a time, while DSO sat at 82 days and earned revenue stayed stuck in accounts receivable.

The stakes made it harder. Hadrius sells to top financial institutions, customers that are both extremely important and extremely sensitive. Speeding up cash collections and reducing DSO without affecting those relationships wasn't a nice-to-have. It was the whole requirement. 

A clumsy automated dunning email to the wrong customer could undo months of goodwill.

When the team surveyed the market, nothing fit. On one side were billing tools with basic automation bolted on. 

On the other, full AI tools with no judgment about when a human should step in. Nothing threaded the needle with an AI-native solution built for collections that still treated every customer interaction with care, until Invoice Butler came along.

"This is such a critical part of the customer experience, the actual billing and the exchange of money."

- Austin Kim, Founding Operations, Hadrius

Fully automated collections, with humans in the loop and a partner on call

Hadrius handed invoice collection to Invoice Butler, and the process Austin used to run by hand is now completely automated. Invoice Butler's AI handles the repetitive work of tracking invoices, following up, managing the AR/billing inbox and collecting payment, while a human in the loop reviews every customer-facing interaction so each one lands with the care Hadrius's customers expect.

It's not a set-and-forget vendor relationship, either. 


The Invoice Butler team works closely with Hadrius on an ongoing basis, getting involved directly, tuning the collections motion, and handling the judgment calls that matter with sensitive accounts.

The result is a full collections function with zero new hires, one that runs itself without ever feeling automated to the customer.

"Not only do we get all the time savings that come with using AI and solving a lot of these tedious processes, but the human in the loop means this is handled with care and creates the kind of experience we're looking for, while making sure it gets done well."

- Thomas Stewart, CEO, Hadrius

DSO from 82 days to 11, a 90% collection rate, no new hires, real money saved

With Invoice Butler running collections, Hadrius cut DSO from 82 days to 11, with payments arriving 7x faster, and now collects 90% of invoices. They did it without hiring a single person internally, saving the cost of a collections function on top of the revenue pulled forward, and the customer relationships that make Hadrius's business work stayed intact.

The results were worth celebrating, literally: Austin showed up at Invoice Butler HQ with a cake from the Paris Baguette nearby and did the math on the spot.

Thomas Stewart picture
"I could probably get thousands, maybe even tens of thousands of cakes with what Invoice Butler has collected for us. I can get a lot of cakes, and I have a lot of time saved, which is probably the best ROI possible."
Austin Kim
Founding Operations, Hadrius‍


Austin's time went back to the work that grows the company, and Thomas's advice to other finance leaders is simple: don't hesitate.

"Just jump for it and take this off your plate. It's a high-leverage move. Spend less time on it, get the additional fuel to drive growth, and focus on other things."

- Thomas Stewart, CEO, Hadrius
Hadrius
AI-native compliance platform for financial firms
Headquarters
New York, NY
Founded
2023 (Y Combinator)
Customers
400+ financial institutions
Industry
Compliance software