Growing Pains: 
When your business is struggling with cashflow.

Approach

Red Arrow undertook a detailed review of the companies accounts and processes. This review unveiled a complete breakdown in the administrative process resulting in significant costs not being recorded in the business accounts

• Poor internal administrative processes due to lack of training
• Poor oversight by external accounts and bookkeeper

Our Solution

Having identified that the company was not:

1. Trading profitably, and
2. Reporting accurately

Red Arrow recommended and assisted with the implementation of:

1. Changes in administrative process along with staff training to accurately record costs for each job
2. The introduction of a job management system to accurately record the profitability of each job

The Result

More accurate reporting focused the business owners on the need to cut cost and reduce project overruns

The introduction of WorkflowMax, a Financial Project Management application, quickly identified that the majority of projects were running profitably and that a small number of larger projects had significant cost over runs.