Managing debt solutions is complex. Juggling cash flow, forecasting payments, and ensuring transparency can quickly overwhelm any business. For the Debtfix Foundation, New Zealand’s hardship and debt solution company, some of these challenges were hindering their mission to help more customers regain financial stability. That’s when Debtfix turned to Cashbucket.
A Mission to Restore Financial Stability
Debtfix, is dedicated to providing accessible, personalised hardship and debt solutions. With a focus on remote support and clear communication, Debtfix has become a trusted partner for individuals and businesses looking to navigate complex debt issues. However, behind the scenes, traditional financial tools were slowing them down—until Cashbucket came into the picture.
The Challenge: Complexity and Time-Consuming Operations
Debtfix needed a robust system that could:
- Simplify cash management and accurately track actuals for forecasting and budgeting.
- Provide real-time insights into cash flow.
- Enhance client transparency and improve communication.
- Automate repetitive financial tasks to save time and reduce errors.
Manual spreadsheets and inflexible tools were no longer enough. Debtfix required a solution that could handle complex calculations and dynamic financial forecasting without adding extra overhead.
The Solution: Cashbucket’s Automation and Financial Tools
Cashbucket emerged as the perfect partner by addressing these challenges head-on:
"Being able to see our forecast in graph form as well as number form is great. We love to be able to easily put in different scenarios to help us strategise and plan for the future." Christine Liggins, CEO, Debtfix.
Automated Financial Formulas:
Instead of manually calculating averages or relying on error-prone methods, Cashbucket automatically applies the correct formula to each of Debtfix’s financial products. This streamlined process saves time and minimises errors.
Accurate Payment Scheduling:
Managing cash payments used to involve tedious manual tracking. With Cashbucket’s automated scheduling, Debtfix now knows exactly when each customer’s payment is due—eliminating guesswork and ensuring precise cash flow control.
High-Level Insights with ‘Buckets’:
Cashbucket’s innovative “buckets” system allows Debtfix to visualise detailed financial data while also accessing a high-level overview. This dual approach makes it easy for boards, banks, and managers to quickly understand business performance.
Instant Reforecasting:
Financial models are dynamic, and when changes occur, Debtfix no longer spends hours recalculating numbers. Cashbucket automatically adjusts forecasts in real time, keeping the business agile and responsive.
Integrated Tax Planning:
Tax payments such as GST and PAYE can cause significant stress. Cashbucket builds tax considerations directly into cash flow forecasts, so Debtfix always knows when and how much to pay—reducing surprises and easing financial anxiety.
Building a Healthy Cash Buffer:
Recognising the importance of a financial runway, Cashbucket helps Debtfix establish a cash buffer that provides stability during lean periods, fostering a proactive rather than reactive approach to cash management.
Automation of Repetitive Tasks:
From generating invoices to sending payment reminders, Cashbucket automates routine tasks. This automation reduces administrative burdens and ensures consistency across all financial processes.
Transforming Operations and Driving Growth
With Cashbucket in place, Debtfix has been transforming its operations. The automation and real-time insights provided by Cashbucket not only simplified financial management but also empowered Debtfix to focus on what truly matters—helping more customers overcome debt. By reducing manual work and increasing transparency, Debtfix now makes smarter financial decisions faster, supporting its mission with greater efficiency and confidence.