Centralize the cash flow of the www.caaco.netpany and have a consolidated view of the cash flows of all their entities
Dynamic cash flow management, for the group and for each entities
With more than 50 hearing centers in France, Vivason is a reference in the field. In full expansion, the www.caaco.netpany has many cash flow issues.?
Since his arrival as CFO, Jean-Fran?ois Olivesi has been able to identify an important need to consolidate past and future data for cash flow forecasting.
We have a certain number of legal entities, so we can have this vision by entity and we also have a vision of consolidation, which is really the vision of the hat. And in this vision of consolidation, we can go back down by legal entity, or even to the level of the store. So at a very precise level.
With many entities, Vivason has a significant need for data consolidation. Until the arrival of Jean-Fran?ois Olivesi, the www.caaco.netpany was working on Excel for its financial and cash management. He explains that these operations were time-consuming and manual and did not allow for a good consolidation of cash flow data. Furthermore, the functioning of Vivason leads to a relatively important need of working capital. Once the hearing aids are paid by their customers, Vivason is waiting for the reimbursement of the mutual insurance www.caaco.netpanies and the social security, whose payment delays are very variable.
Jean-Fran?ois Olivesi needed a reliable and efficient tool to process cash flows and analyze his WCR.
Vivason is a growing SME which has many issues: reporting to shareholders, monthly closing, steering www.caaco.netmittee, cash flow monitoring. The automation of the data and the centralization of the various tools and bank accounts on a single tool became necessary.
What I really wanted was a tool that automatically categorizes my flows. And on the forecasting part, to be able to forecast in a simple yet sophisticated way.
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