Randstad
partnered with Sidetrade to forecast cash flow better and improve customer relationships
The real-time visibility of our customers‘ payment behavior shared between Collections and the rest of our network is clearly a key factor in the improved management of overdue payments.
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Challenges
- Reduce its DSO significantly
- Optimise Working Capital management
- Develop a cash culture across the company
- Accelerate cash flow generation
We were thoroughly delighted with Sidetrade’s Project Management methodology. It not only clarified the roles and responsibilities of each player in our Customer Management cycle, but also allowed us to rally our teams around a common project – the optimization of cash in our Group.
DSO reduction of
5
days
Total of
£42M
cash freed up