SOME OF OUR ASSIGNMENTS
A multi-million-pound operation company was suffering cash flow problems with only 65% of customers paying their invoices. Within 2 weeks of our initial report being completed we were commissioned to run the department on an on-site interim basis. Payment rates went up to 80% and within 4 months this increased to 93% and after a year continued to increase. Several issues were identified and resolved, many new practices were implemented, departmental costs were significantly reduced, staff collections, productivity and efficiencies of 200% were achieved on average. A year later we were still operating for them and saved them at least £4.5M through avoided losses, productivity savings, new working practices, plus other operational savings!
A FTSE 250 company was concerned about its debtor days, some site reviews took place, a training programme was agreed, and debtor days started to decrease quite rapidly.
A commercial arm of a high street bank had provided commercial funding to a company, which they were fast losing confidence in because of diminishing returns and increasing portfolio losses. We agreed to an on-site interim management role, which involved many changes to the department, personnel and its practices. We also worked positively with the on-site management team of the company, providing full justification and rationale for our thoughts, decisions and actions.
A company we dealt with were unable to understand why a particular department had the problems it did. A 1-day on site review identified the likely problems and issues, our report was submitted, and we understand the company took the appropriate actions as per our report.
A company had assigned a significant number of its accounts to an external debt collection agency and were having concerns regarding the performance of their portfolio. We agreed to conduct an external on-site review at the premises of the Debt collection agency and reported back, both parties agreed several remedial actions and our client quickly noticed an increase in collections performance.
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