Reliable cash flow forecasting, immediate data and tailor-made reporting for Renova Red
Marco Casadei, CFO of Renova Red, explains how Agicap helps the daily work of the finance department with its innovative cash flow management features.
Read more
Key takeaways
The needs of a growing company like Renova Red are many. Cash management is crucial, especially as the banking system demands certain business requirements
Customisable, immediate and accurate reporting is the key to company development
Linking site and company budgets to cash enables accurate and reliable cash flow forecasting in just a few clicks
" For companies that are growing rapidly and for those that need consolidated reporting, Agicap is the ideal tool. "
129
employees in 2023
53
active worksites throughout Italy
85M€-90M€
sales forecast for 2023
Renova Red
Customer’s history
Active in the construction sector since 2019, Renova Red remains, for the first two years, a small company that is then acquired by the current shareholder to be relaunched on the market. At the moment, it operates in Italy with 53 construction sites, has 129 employees and a growing turnover: in 2021 it closed the year with 20 million euros; in 2022 it more than doubled with 46 million euros and in 2023 the forecast is to reach a turnover of between 85 and 90 million euros.
Marco Casadei, CFO of Renova Red with 25 years of administrative management experience in a large listed group behind him, explains that the needs of a growing company like his are many; in particular, there is a need for practicality and speed in the acquisition and processing of financial data. Cash management, then, is crucial, especially at this time when the banking system demands certain business requirements.
" The main benefit Agicap has brought to the company is flexibility and immediately available data. "
Customer’s needs
Have up-to-date, real-time financial data available
Link the budget, both site and company budgets, to cash flows to create reliable forecasts
Have customised and immediate reporting for board members
Solution
Now, thanks to Agicap, Marco Casadei and his team can manage the financial flows within construction sites and thus monitor the order flows. At the same time, the CFO can connect to the software at any time and have an eye on the financial situation of the entire company in real time.
In addition, Casadei can create a cash flow forecast by linking the budgets, both site and company budgets, to the cash flows by simply uploading an Excel file of their own creation to Agicap. This allows an overall financial reference budget to be added to the site budgets.
And again, on Agicap, Renova Red uses the Dashboard function, which allows accurate and continuous reporting over time. One part is used directly within Agicap and can be consulted at any time by managers via the mobile app. Another is downloaded onto a spreadsheet and then inserted into larger presentations, covering budgets or other company reports.
" Agicap allows me to prepare dedicated reports, site by site, on cash availability. "
Renova Red is satisfied with the product because, unlike a spreadsheet, Agicap allows for consistency of data over time, thus helping the finance department in their daily activities, which can be carried out faster and more accurately.
Conclusion
The team can easily manage the cash flow of each individual construction site and the entire company in real time
The CFO can create accurate cash flow forecasts by importing site and company budgets directly into Agicap
Customised dashboards allow the team to obtain tailor-made reports to share with management
Know more about us
Hornberger Consulting
Business Sector:
Business services
Where:
Hamburg, Germany
Cashflow Problem:
Anticipate cash flow shortages beforehand, craft scenarios that are based on actual financial data, extend ERP-systems with cash flow management capabilities
M2A Media
Business Sector:
Media Agency
Where:
London, United Kingdom
Cashflow Problem:
Manage multiple entities during internalization, managing different currencies and different banking providers
“Agicap provides the view the board needs if it is going to make strategic decisions.”
Business Sector:
Software Development
Where:
Dublin, Ireland
Cashflow Problem:
High manual effort in consolidating the cash flow data of 8 companies and 15 bank accounts, high susceptibility to errors, outdated data and hardly any chance to provide management with reliable reports for strategic decisions.
