Analytics and financing built for enterprise

Executive summary

The Group sought £90 million to fund operations and ambitious growth, including a strategic acquisition. The Group operated in multiple jurisdictions and had several pre-existing financing agreements. They needed a solution to work with their existing debt covenants, minimise disruptions to their operations, and use their complex global receivables data. Traditional financing routes couldn't provide the speed, flexibility or desired terms. The Group worked with Gardenia Technologies to design and run a bespoke Early Pay Receivables Finance Programme, which delivered a global receivables financing programme at highly competitive rates with zero impact on its existing debt covenants.

Challenge

The recently PE-acquired group faced four key challenges in securing new financing:

• Complex data landscape, with receivables data scattered across 5 ERPs
• Pre-existing debt covenants requiring new financing to comply
• Need immediate access to financing and stable multi-year funding
• Required minimal operational changes and zero additional complexity

Solution

Gardenia Technologies designed and implemented a bespoke Early Pay Receivables Finance Programme.

Results · financial outcomes

• £90 million non-recourse receivables financing facility
• 90% advance rate, with 2.25% interest
• Committed facility with 3-year term and a 1-year extension option
• Zero impact on existing debt covenants
• Global portfolio coverage (UK, USA, EMEA, Australia, Japan, Hong Kong)

Results · operational benefits

• Unchanged payment processes and no new bank accounts
• Undisclosed facility maintaining client relationships
• Algorithmic daily invoice verification and analysis, and next-day cash disbursements
• Real-time monitoring and reporting

Executive summary

To support an upcoming credit rating review, the client needed to quickly assess their global working capital performance and identify improvement opportunities. This complex project involved diverse markets, high invoice volumes, and multiple ERPs. Partnering with Gardenia, the client completed the assessment in under two weeks, integrating data streams and gaining actionable insights to present to investors and substantiate their discussions with different rating agencies.

Objective

• A clear picture of their historical and current performance
• Validated opportunities for future improvement

Challenge

The project required collecting and processing data from 3 ERP instances, 40+ subsidiaries, 1.75M+ invoices, 17,000+ customers, and 8,000+ suppliers.

Solution

Gardenia extracted and processed ERP data, applied AI models, and produced interactive dashboards highlighting current metrics and improvement opportunities. These dashboards allow for drill-down, validation, and data export.

Where the cash release comes from

Results

• Global visibility. Unified view of working capital across subsidiaries and ERPs.
• Granular insights. Cash conversion cycle statistics at any level of aggregation.
• Validated targets. Opportunities for 28% DSO and 8% DPO improvement.
• Defendable reporting. Dynamic evidence-based reporting for stakeholders.
• Forward-looking planning. Dashboards for ongoing financial planning.