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Printing manufacturer in KZN
Challenge faced
Significant cash flow challenges due to poor management of stock and debtors
Debtors’ days: 33 days
Debtors > 90 days: R381k
Stock days: 58 days
Unpaid rent amounting to R2.3m (15 months in arrears)
Monthly management reports completed 4 months after month end
Results
Within 6 months:
Cash improved by R660k
Debtors’ days: reduced to 24 days
Debtors > 90 days: R nil
Stock days: 35 days
Unpaid rent reduced by R500k
Monthly management reports completed 10 working days after month end