Financial Management

THE SOLUTION

Aims to assist companies to improve their working capital management.  Efficient working capital management allows a company to sustain its operations with sufficient ability to meet short-term debt obligations and daily operational expenses.

 

THE STEPS INVOLVED

Our Financial Management experts will provide assistance and cover the following steps:

  • Assess current working capital performance and processes
  • Identify areas for improvement
  • Propose improvement to existing processes and internal controls
  • Develop recommendations and a detailed action plan
  • Pilot and refine
  • Train employees
  • Implement changes

 

 THE OUTCOME

At the end of the project, companies can expect the following outcomes:

  • Improved cash flows by managing payables, and improving receivables and inventory turnover

 

 

Productivity improvement projects are eligible for SPRING Capability Development Grant (CDG) support of up to 70% of qualifying cost (subject to SPRING’s approval).