Most business leaders are worried about cash flow in the current economic climate.
Related article | How to manage cash flow during economic turbulence
Often this is not due to insufficient money flowing into the business; rather, they do not have up-to-date visibility and confidence of where it is and when it will arrive. Consequently, they cannot accurately predict when cash flow could become a problem and proactively take action to avoid a crisis.
How do you get accurate visibility of all aspects of cash flow?
In this case study, we share how we helped our client, a private equity-backed consultancy:
- Integrate all relevant data sources into a single dashboard using Power BI
- Gain visibility through an interactive dashboard of the entire cash cycle from timesheet to invoicing to cash collection in granular detail
- Model the cash collection process:
- What cash has been received to date?
- When outstanding cash is contractually due?
- When do the credit control team estimate outstanding invoices would be paid based on the client’s payment history?
- Visibility of amounts available for early payment if required to keep the cash flowing
They can also see work undertaken but not completed allowing them to forecast the cash further into the future.
To learn more, please read their story: Case Study | Improving cash collection process with Power BI