$ 650 M DIY retailer selected Cashforce to improve its complex multi-store cash forecasting process & increase cash generation.

“Cashforce was implemented in a short time in a complex environment. Thanks to Cashforce, we can now actively monitor and optimize our working capital & cash flow situation”

Didier Van der Perren CFO Alcadis

15

Number of sites

from 5 days to 3 months

Borrowing base visibility increase

undisclosed

Reduced financing costs

The Challenge

140 stores, 80 entities, 2 bank accounts per entity
Combination of franchising & owned business
Franchisees are billed & suppliers are paid by global organisation
SAP
Many ICO transactions

Cash forecasting is a complex task and consumes about 3 FTE
Unanswered questions such as « how to pay our suppliers? », « How & when to balance our bank accounts? »
Complex SAP system & limited IT resources

How Interfood benefited from using Cashforce

Tailored to Food Distribution

Modules:
Cash management & driver analysis
Financial instrument management
Bank account management
Cash forecasting
Delta analysis
Cash sweeping

Results

Impact

Less FTEs involved in the cash forecasting process (decrease from 3 to 0,5 FTEs);
Recurring short term loan savings due to a more accurate forecast;
Increased transparency of supplier payments;
Simplified bank account management