Randstad

RANDSTAD Group is the second largest Human Resources provider in the world. In France, the company manages a network of 900 branches and offices, relying on a staff of 3,900.

F. Beharel, CEO of RANDSTAD France, aimed to significantly reduce its DSO, a key financial metric for the Dutch group. The Finance Department therefore decided to launch a project to improve Working Capital Management. The efficient sharing of information between the Finance and Sales teams was identified as a key success factor.

RANDSTAD France already used receivables management software under the traditional vendor licence model, but the Sidetrade Cloud was more ideally suited to meet its strategic challenges.

Sidetrade supports the Services industry, you can find out more here.

Challenges

  1. Reduce its DSO significantly
  2. Optimise Working Capital management
  3. Develop a cash culture across the company
  4. Accelerate cash flow generation
We were thoroughly delighted with Sidetrade’s Project Management methodology. It not only clarified the roles and responsibilities of each player in our Customer Management cycle, but also allowed us to rally our teams around a common project – the optimization of cash in our Group.
C.Vallee

Credit Manager, B-BRIDGE

DSO reduction of
5
days
Total of
£42M
cash freed up