One key recommendation I would give is to implement robust cash flow forecasting and management practices. Consider a mid-sized manufacturing client we worked with at Spectup. They faced challenges in maintaining optimal inventory levels and ensuring timely payments from clients. We introduced a detailed cash flow forecasting system that projected cash inflows and outflows over various time horizons. This allowed the business to anticipate periods of cash surplus or deficit and make informed decisions accordingly. Additionally, we streamlined their accounts receivable process by incentivizing early payments through discounts and enforcing stricter credit control measures to minimize overdue invoices. On the inventory side, we adopted just-in-time inventory practices, reducing holding costs and freeing up cash.