CASE STUDY - IMPLEMENTING BEST PRACTICE CASH MANAGEMENT

The Business Challenge

Successful technology services business wants to improve its cash flow and reduce the risk of cash flow peaks, troughs and surprises.

How OFM Solutions helped

The OFM Solutions team set cash inflow and cash outflow targets by week by company location and worked with the company's management in implementing the achievement of these targets.

It was clear what was due to be collected and from where, it was clear what was payable to whom and when and management knew how much should be in each bank account at the end of each week.

Value Delivered

By improving the visibility of cash flows, management are better able to plan investment decisions, are more confident in the ability to focus on core management activities in the knowledge that their cash flows are being closely watched and properly managed.