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Improving Cash Flow for Apex Construction Ltd

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Introduction

Apex Construction Ltd, a growing construction firm based in Bristol, faced challenges in managing their cash flow due to inconsistent invoicing and delayed payments. They needed a reliable financial support service to streamline their financial operations and improve cash flow management.

The challenge

Apex Construction struggled with late payments from clients and inconsistent invoice management, leading to cash flow issues that hindered their ability to fund projects. They required a solution to manage invoicing and debtors effectively while maintaining accurate financial records.

The solution

Outsourcery provided a financial support specialist who focused on invoice management and debtors management. The specialist took charge of creating and distributing invoices, tracking payments, and managing relationships with debtors to ensure timely collections.

How we got started

The financial specialist worked closely with Apex Construction’s finance team to understand their billing cycles and client relationships. A tailored invoicing process was implemented, along with regular follow-ups on outstanding payments to improve cash flow.

The outcome

Apex Construction reported a 40% reduction in the average time to receive payments and a 30% improvement in cash flow stability. The improved invoicing and debtor management processes allowed the company to fund more projects and grow their business.

Our client's thoughts

"Outsourcery’s financial specialist was a game-changer for us. Their proactive approach to managing invoices and debtors has significantly improved our cash flow," said Liam Watson, CFO at Apex Construction Ltd.

Key takeaways

Outsourcery’s financial support specialist enhanced Apex Construction’s cash flow through effective invoice management and debtors management, enabling the company to take on more projects and expand.
 

If you’re seeking to enhance your online presence and drive growth, consider exploring how the professional and adaptive services of Outsourcery can support your journey.
Reach out today and start exploring the benefits to your business.


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