Case Study: Canada’s Largest Consumer Finance Retailer reduces residual cash by 20% with BizAcuity’s cash forecasting and cash order system

Canada’s Largest Consumer Finance Retailer cuts residual cash 20% with BizAcuity

The customer, Canada's largest consumer finance retailer, faced a challenge with its cash management system. Their existing analytics resulted in either a surplus of unutilized cash or a deficit that prevented lending, causing revenue losses. BizAcuity was engaged to address this.

BizAcuity designed and developed a new forecasting system that integrated with the client's web interface. The solution utilized a time series algorithm to accurately predict cash needs, reducing residual cash across all branches by 20%. This decreased the cost of idle money and contributed to the company's top-line growth.