Caterpillar Cargo is a global logistics firm having customer base across the globe.
Around 2020, the company was a well-established midsized company typically doubling the sales in 3 years’ time. The team, sales, numbers, everything was looking good for the company. However, the founder was having a tough time due to revenue and financial leakages, poor working capital management and on top of that bad financial decisions of the previous (now fired) financial management team including CFO.
After associating with the company, Altobooks team has taken following steps:
Setting up of robust internal control system for the company to prevent financial leakages
Preparation of MIS reporting structure and dashboards for the managements
Focus on expeditious collections and long pending dues collection
Setting up system for branch-wise, project-wise profitability tracking
Creating good financial budget and plans and monitoring deviations
As of 2022, Caterpillar Cargo has grown sales coupled with a robust financial management practices in place. Altobooks acts as a virtual CFO for the company and a proud growth partner for the firm. Altobooks provide consulting to the company in following matters.
Working Capital Management