When Elevate manages cash flow, we offer the following services:
Before developing a solution to solve the cash shortage, it’s imperative to understand why the situation has occurred. When we are asked to assist we, firstly, undertake a thorough assessment of the factors leading to the current situation. Often this is due to factors such as the business incurring prolonged trading losses, rapid growth, high debt loads and repayments, poor debtor collection, significant bad debts or excessive owner drawings.
Once the cause has been identified, we then work with the business owner to develop a plan to rectify the situation. This may include various internal and external activities, such as arranging additional bank finance, seeking equity contributions, creditor negotiation, business restructuring and cash flow management initiatives.