About
The company was experiencing significant changes to their business model driven by a combination of market forces, internal restructuring, and diversification of the business. Client had a focus on reducing the working capital burden on the firm where the DSO were greater than 120 days and DPO under 30 days. Cashflow forecasting was paramount even in light of robust business growth.
Our solution
The client billing recognition process and the customers site visit rules were tightened in all the remote locations. A digital scanning and logging solution was developed and tested before the end of the project to great success. Prompt recording of site deliveries and shortfalls was also designed and put into action before the end of the project. A ‘cash culture was introduced, and performance indicators baked into the managers business objectives.
