Building Strong Foundations with Financial Expertise

Industry: Construction

Headline: "Won $500,000 Contract and Managed Finances Effectively"

Title: Building Strong Foundations with Financial Expertise

Short Description: BuildRight Contractors secured a big contract but needed financial management. FYNANCE delivered tools and expertise.

Detailed Description:

SME Intro: BuildRight Contractors, a 7-year-old construction firm in Dakar with 25 employees, excels in residential projects but faced financial challenges on large contracts, common in construction SMEs.

Problem: Tracking project expenses and invoicing was manual, causing delays and disputes. Forecasting was weak, risking budget overruns on a $500,000 contract.

Solution: FYNANCE’s project accounting tracked costs, while invoicing tools ensured timely client billing. Bookkeeping and CFO services provided strategic advice.

• Project accounting enabled precise cost tracking.
• Automated invoicing improved cash flow.
• Expert services offered cost control strategies.

Outcome: Completed the contract on time, within budget, improving profit margin by 10%. Gained client referrals, bidding on larger projects.

• Contract completed on time, profit margin up 10%.
• Client referrals gained, larger projects planned.

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