Practus’ assisted the pre-school in improving the average debtor collection period and developing a cash flow plan.
| Client Name | Industry | Ownership | Management | No. of Employees | Size | Project Duration |
| Pre-School | Education | Family Owned | Family Managed | ~400 | $4 million | 6 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.