Cash Management role for Claire Burden

WayPoint Change Associate Claire Burden has been appointed Interim Cash Manager by a multinational telecommunications group. Following her appointment, Claire introduced 13 week rolling cash flow forecasting processes to improve working capital management and reporting across 8 banks and 9 currencies worldwide.

Claire prepares a weekly consolidated cash flow forecast to aid centralised control and decision making. This has helped enable a bank debt reduction of 46% over four months – from $4.8m (total facilities $5m) in April 2012 to $2.6m (total facilities $3.3m) by August 2012 – and generated much needed headroom. The forecast and supporting analysis of key issues and risks is provided to the main bank every two weeks and has helped create a more open and forward looking banking relationship.

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