Case Study
Cashflow Forecasting for Headcount Decisions
situation
Architecture firm was faced with difficult headcount decisions during covid-19 lockdowns.
RESPONSE
Our client was experiencing significant cashflow problems during the covid-19 lockdowns.
Because we had a deep understanding of their business model, we assisted the client by first providing cashflow forecasting to help them analyze what their finances would look like in the coming months with different scenarios. We then helped the client make decisions about their staffing costs by limiting hours and reducing headcount. When the client was ready to start hiring employees back again, we were again able to provide the client with cashflow projections to help inform their decisions.
Outcome
Rather than be forced to make hard staffing decisions in a vacuum, our client was informed as to the financial implications of each staffing decision.
The client was provided with creative ways to pay their employees for as long as possible without hurting their business.
