This large company carried big amounts of stock due to its geographic location, but was not selling the stock quickly and debtors were not paying within terms.
The company had a cash-flow problem and could not pay its creditors on time. It also struggled to pay salaries and wages each month.
We were tasked to find means to increase cash flow urgently. We addressed and solved the problem within a month.
The client was over the moon when the company’s bank statement at month-end showed a positive balance. The creditors and staff were paid on time.