Wake-Up-Call Real Stories
A well known, well-established semi-private country club had a serious problem. Between membership dues, clubhouse charge accounts for members, corporate programs and special event programs, the club carries $300,000-$400,000 per month in accounts receivables.
The club’s management is seemingly always cash-poor and in need of money to pay bills. Management is about to ask for another assessment to members to get their financial house in order.
Then one member suggested exploring options with a ConcentrixGolf partner.
After analyzing the situation, the ConcentrixGolf partner recommended capitalizing the club’s receivables through factoring – and arranged full implementation of a strategy that provided a much-needed cash infusion for the club, and the assessment was canceled.
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