Problem
A big company was having cashflow issues that prevented them from paying their suppliers on time. One of their suppliers got so frustrated that they stopped supplying them, which jeopardised their business operations and reputation.
Solution
The company contacted Precision for help. We intervened directly with the supplier and mediated between them and our client. We negotiated a workable solution that satisfied both parties. We put together a payment plan that allowed our client to pay their supplier in installments, while ensuring that the supplier resumed the supply to the client.
Outcome
Our solution restored the relationship between our client and their supplier and ensured the continuity of their business. The supplier was happy to receive their payments and the client was able to manage their cash flow better. The client also appreciated our hands-on approach and our ability to solve practical problems that they could not.
