Case study · Large Integrated Construction Firm
Greatly Improved Cash Management and Disbursement Controls
Refined AP process
The challenge
Lack of process and visibility around cash management
Poorly trained staff that caused errors and waste
Mismanaged credit facilities
Poor management of contracts and contract terms
In ability to support evolving business strategy
Successful outcome
- Refined AP process
- 95% reduction in time required to do payment selection
- Increased working capital, providing more flexibility to grow the business
- Aligned finance organization with growth strategy
How we did it
- Reviewed and updated vendor terms in ERP
- Developed a new disbursement review and approval process
- Automated the manual payment selection process enabling client to use its ERP system
- Disabled more than 50% of the total vendor population by identifying inactive vendors
Boxley Group competencies
- Finance and Accounting Advisory
- Organizational Change Management
- Process Optimization
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