A working capital intensive transport & logistics company which had outsourced its accounting function offshore. The company had experienced difficulties in timely reporting and overall management of receivables. The company engaged Assetsecure to provide a funding solution coupled with receivables management.
Assetsecure facility delivered the following benefits:
- Detailed drilldown reporting on a consolidated basis led to a reduction in headcount for the client.
- Improved credit and risk management capability as the company was better equipped to target overdue invoices and customers.
- Improved working capital with the client drawing 85% of receivables daily.