Our client required ongoing reporting of their 13 week cash flow forecast to support their refinancing exercise. The company had started to put a short term cash flow process in place, however no individual in the business had full ownership of the forecast
Obtained an understanding of current reporting and key contributors to the existing process
Adapted the existing forecast to improve quality of outputs and provide greater clarity on week on week variances
Improved the weekly update process
Developed functionality to enable risks to be better understood
Improved the weekly update process to be quicker and more accurate
The model provided management with more time to review than prepare it and gave potential lenders the necessary visibility to enable them to agree a new financing arrangement.