Until JustOne was established in 2005, Businesses who were dissatisfied with their working capital performance and were looking for Working Capital Improvement assistance only had two options open to them:
1. Use an External Consultancy for Working Capital Improvement
Obtain scarce skills and solutions quickly.
The promise of rapid improvement.
High cost of external fees, often requiring board level approval.
Limited skills transfer from consultants to staff.
Benefits may not be sustained in the long-term.
2. Set Up An Internal Project for Working Capital Improvement
No external fees.
New skills and project experience maintained internally.
Ownership of new ways of working.
Limited “in house” knowledge of leading edge working capital practices.
Temptation to set targets that are too soft.
Increased the risk of project failure due to lack of change management skills.