An incompatible software package resulted in poor quality business data, which lead to the very real risk of the business going into Administration.
The software was removed and the Accounts Department restructured. A process was established for the implementation of a new system.
Accurate and timely reports produced substantial cost savings. Ultimately, Shareholders regained control of the company.
A number of clients only managed their cash flow on a daily basis. This resulted in critical payments being missed to suppliers, leading to a loss of credibility in market place; late payment of staff wages lead to demotivated staff and it jeapordised the company’s ability to continue trading.
A cash flow tool allowed management to forecast their cash flow forward and to manage cash flow on a day-to-day basis.
Having a cash flow plan allowed management to focus on running the business. Cash shortfalls were identified in advance, allowing management time to develop alternative strategies.
Clients had not produced and reviewed monthly financial statements, developed KPI’s or forecast the financial performance for the next 12 months.
Improcus provided monthly financial statements giving management the tools to improve performance through key drivers within the business. Improcus provided training on interpreting and understanding financial information and developing action plans to achieve higher standards.
The owners/directors/management grew in understanding and confidence, resulting in improved decision making within the business.
PO BOX 1116 Aspley QLD 4034 | 07 3863 2520
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