Aquateck
Thanks to the advice and personalized budgeting tool provided by BDC, we’ve improved our forecasting and cash flow management abilities. As a result, we were able to take on larger contracts and thus multiply our revenue fourfold in two years.
André Poupard
General Manager
Our expert advice will help you find the best pump for your needs
About the company
Since 1995, Aquateck has been distributing residential, commercial, industrial, and municipal pumps while offering customized advice
Location: Québec, Quebec
Industry: Pumps
Entrepreneur challenge
Aquateck wanted to better integrate cash flow in its financial forecasts and improve the quality of its projection tools. The company wanted to access a new component of the industrial pump sector that involved larger contracts and different payment methods. It needed a more effective budget tool that would integrate results, cash flow, and forecasts to better control its financial risks.
BDC expertise
BDC’s financial management specialists identified the company’s needs and designed a customized budget tool that integrates results, cash flow, and balance sheet projections. The tool that was developed enables ongoing management of the available budget for purchasing inventory.
Results
- Access to a new business sector with larger contracts
- A fourfold increase in revenue in this new sector in two years
- The budget tool can integrate results, cash flow, and balance sheet, which always provides an overview of the company’s financial health
- Well-positioned to use the tool independently to create various budget scenarios