Tight Cash Flow
Subcontractor
The Situation
- Subcontractor with a seasonal business model doing about 3M of revenue
- Struggled with cash flow, forced to use Line of Credit to meet payroll during ramp-up
- Owner was not getting timely information to monitor performance of entire company
The Solution
- Created custom reports including dashboard to monitor performance and cash forecasts to predict shortfalls and surpluses
- Helped client understand cash flow cycle and how to avoid the cash "crunch"
The Results
- Shortened A/R collection period by 8.7 days
- Revenue growth of 37.1%, net income increased by 149%
- 2 yr. average Return on Investment for client of 1,125%
Recent Articles
Buying An Electric Vehicle Through A Company: Frequently Asked Questions (FAQs)
by Bailey McRae Considering buying an electric vehicle through your company? With more and more companies like Amazon investing in electric delivery …
Lucrum Year In Review
As 2022 comes to a close, we wanted to take some time to reflect on this past year. We are excited to …
Small Business Use of Vehicles FAQ: ‘Ask The Experts’
By: Lucrum StaffNovember 2022 This is our fifth installment of our ‘Ask The Experts’ series (check out our first, second and third …