Case Study
Unallocated cash reduced by £12 million in just three months
The issue Aggregate Industries’ UK based accounts receivable depart- ment was primarily paper driven with standard remittances arriving in a number of formats which were posted, emailed and faxed. The company wished to establish financial process quality with a guaranteed three day close, but the reliance on paper challenged finance staff to achieve this. When they did, there would often be a lot of cash on the ledger not allocated to in