Sometimes businesses end up under cash pressure and it’s really important to get on top of the problem and talk to suppliers, customers, & authorities about your plans.
This tool does 3 things:
- It maps out cashflows as they should be – and therefore quantifies the problem and checks that the problem is temporary. If the problem is not temporary then you need external help.
- Helps the user build receipt and payment scenarios which means that the business can continue whilst it’s catches up
- Helps businesses have real conversations and set expectations about payments and why such a plan is rational.
This tool should only cover short term cash problems and is not an alternative to professional advice. Companies also have to consider their legal obligations when planning & agreeing payment arrangements.