"A leading provider of equipment finance solutions in Australia."
Is a leading provider of equipment finance solutions in Australia. We operate through many brands in the market across a broad range of sectors and have assisted customers achieve their needs through flexible and tailored finance solutions.
The team have decades of financial services experience and can provide you with a solution that works for you. Unfortunately, due to the CEO making certain incorrect strategic decision, breaching loan agreement covenants and incorrect reporting the company was put into administration in 2019.
This was unrelated to the work we had previously done for them which was 3 years prior to that.
What we did for AxsessToday
- Created a 3-way integrated model for their commercial asset finance business using their cloud-based accounting system Xero.
- This enabled them to forecast their future revenue and balance sheet using an expected internal rate of return, growth rates and term of the receivables.
- The model was subsequently used for an initial public offering (IPO) on the ASX.
