Practus’ assisted the pre-school in improving the average debtor collection period and developing a cash flow plan.

Client NameIndustryOwnershipManagementNo. of EmployeesSizeProject Duration
Pre-SchoolEducationFamily OwnedFamily Managed~400$4 million6 Months

About The Company

Pre-Schools is a leader in early childhood education, consulting, and professional development. The organization delivers joyful, holistic, child-centric, and experiential learning across 23 pre-schools under the brand VI. The company is also engaged in providing an advanced daycare program.​

Practus’ Role

  • Automation of admission, P2P, and HR process.​
  • Implemented a centralized accounting system.​
  • Developed an automated MIS report.​
  • Incorporated key metrics for CEO and professional investor in monthly MIS.​
  • Implemented a compliance tracker.​
  • Developed finance framework defining the role and responsibilities of the finance function.​
  • Framed and implemented key accounting policies and SOPs for finance processes ​
  • Cash flow management .​
  • Managed day to day finance functions.​

Impact Delivered

  • Practus’ automation and F&A restructuring initiatives resulted in savings of ~$64,000 per annum.​
  • Improvement in the average debtor collection period.​
  • Availability of accurate financial and sales data.​
  • Detailed management MIS.​
  • Better visibility on measurement and reporting of key performance metrics resulted in better business management.​
  • Improved cash flow planning.​