Case Study: Enhance Electric improves cash flow and operations with Quickly

How Enhance Electric is improving cash flow and operations with Quickly

Enhance Electric, a Calgary-based electrical subcontractor, faced the common industry challenge of unpredictable cash flow due to varying payment timelines from builders. This uncertainty made it difficult for the company to reliably cover payroll, purchase materials, and fund daily operations, leading to time-consuming invoice tracking and reactive financial management. To gain control over their receivables without straining client relationships, they turned to the vendor Quickly for its early payment platform.

By implementing Quickly's service, Enhance Electric gained the ability to receive on-demand payments for approved invoices, depositing funds within hours of a request. This solution provided them with full control over their cash flow without disrupting their standard invoicing. The results were substantial: they accessed 252 early payments worth $902,000, receiving funds an average of 34 days early. This predictability eliminated hours of weekly administrative work, ensured timely payments to their own team and suppliers, and improved overall financial stability.

Enhance Electric

Tamara Jansen

Finance Administration