9 tips for maintaining a healthy cash flow (1/3)

Management of payment delays in the public sector : Étienne Bourdon tells us...

Our landscape creation company is not common. We bring a therapeutic dimension to landscaping. To do this, we carry out upstream studies to analyse the effects of garden landscaping on diseases. For example, for people suffering from Alzheimer's disease, we have conducted research to determine the positive impact that the garden can have on their perception. We have therefore created a clear, orderly garden, with a logic of form, colour and plants so as not to further disorientate the patients.

Taking over a company like O Ubi Campi is an incredible human experience, made up of good and bad surprises :

• Our profession as a therapeutic garden is unknown and even raises questions. We therefore have a lot of educational work to do to convince people of the benefits of our spaces.
• Our clients' payment terms are difficult to anticipate and can create cash flow discrepancies

There was a time when we were desperately short of cash. I was not familiar with factoring. It was described to me above all as a very expensive and restrictive solution.

I realised that the cost was reasonable in view of the service provided.

Since then, I have one problem less: the payment of my clients' invoices.

BNP Paribas Factor finances our invoices within 24 working hours and handles reminders and collection on our behalf. This is a real relief as we have neither the time nor the manpower to follow up with our customers.

It has also allowed me to give my customers flexibility in payment. I am under less pressure because I can better forecast my cash flow and my customers have more peace of mind in settling the factor when due.
For me, it's a win-win solution.

Étienne Bourdon's advice for a healthy cash flow  :

1. Know how to prioritise
2. Be transparent about the difficulties encountered
3. Be well accompanie

MORE INFORMATION  :

• A landscape architect by training, with a doctorate in geriatrics and after 15 years in the medical field, Etienne Bourdon, has chosen to buy O UBI Campi and combine his skills as a landscape architect with his experience in geriatrics.
  O UBI Campi now has 11 employees working for hospitals, EPHAD, medical institutes, companies and communities.
• Do not hesitate to contact Etienne BOURDON if you would like more information about his activity :
  03.23.96.23.50 / https://o-ubicampi.com

Discover :   9 tips for maintaining a healthy cash flow (2/3)

All these testimonials are taken from the white paper "Payment deadlines, cash flow... The real life of building and public works companies".