Case study: Managing cash flow in the business
A construction client was looking to maximise cash flow. They needed solutions that would help to manage the business strategically through improved systems and processes.
Challenges
- Our client wanted to maintain a healthy cash flow, but required the right solutions to accurately manage this cash flow
- Should any unexpected expenses arise, our client wanted to have cash reserves in place
- A number of casual employees required payment during the course of the project and our client required a convenient solution to pay wages
- The business needed to collect money from customers sooner, but manual collection processes were slowing them down
Solutions
- Our payment solutions gave the client the ability to make bulk and same-day payments to creditors
- Our Foreign Exchange specialists were able to assist with all cross-border payment requirements
- We provided more convenient solutions through our PayCard and Instant Money products, which removed the need to withdraw cash
- Our business investment solutions helped our client to improve cash flow and liquidity management with medium- and long-term deposit solutions
- We provided our client with a simple and convenient means to submit tax forms via Interfile and make tax payments electronically through SARS eFiling