Fusion: Empowering Business Growth with Efficient AR Management through Kolleno
We recently sat down with Adam Maurice, Director at Fusion Consulting, to discuss their strategies for tackling financial challenges, cultivating strong client relationships, and addressing the day-to-day obstacles faced in their multidisciplinary consulting business.
Fusion is a multidisciplinary consulting firm that offers 360-degree advisory services and end-to-end solutions for private individuals and fast-growth businesses. With a team of experienced professionals, Fusion provides comprehensive guidance across various sectors, helping clients navigate the complexities of their industries and achieve their business objectives.
As Fusion’s client base grew, so did the challenges in managing their accounts receivable. Late payments and unresponsive clients adversely affected their cash flow, limiting their ability to invest in business expansion and employee training. Moreover, the time-consuming process of tracking and reconciling invoices diverted valuable resources from their core consulting services.
Fusion turned to Kolleno’s accounts receivable management solution to optimise their invoicing and payment processes. The customer payment portal simplified the payment process for clients, while the template creation feature allowed Fusion to design customised invoices that reflected their diverse service offerings. Kolleno’s powerful reporting tools provided essential insights into client payment patterns, enabling Fusion to proactively address issues and enhance cash flow management.
With the help of Kolleno, Fusion experienced a 44% reduction in late payments within the first six months, leading to a 29% improvement in cash flow stability. This allowed the company to invest in new service offerings and employee development. The time spent on managing accounts receivable decreased by 33%, enabling Fusion to concentrate on delivering exceptional consulting services to their clients.
Fusion’s partnership with Kolleno has been a game-changer, enabling the company to efficiently manage their accounts receivable and significantly enhance their cash flow. By streamlining payment processes and gaining valuable insights into client payment behaviours, Fusion has been able to focus on providing top-quality consulting services. The positive impact on cash flow and time management has not only contributed to the ongoing success of the company but has also laid a solid foundation for future growth and expansion.