AgriSask Farms is a small, independent grower of wheat and corn based outside Watson, Saskatchewan. The growing family operation employs just under 50 full-time employees year-round, hiring more workers during the harvest.
AgriSask has established annual agreements to sell 50% to 60% of its wheat yield to three food production companies for use in a variety of food products shipped across Canada and the United States. Each September, truckloads of wheat leave AgriSask properties and enter the food supply chain.
While the company had a strong handle on its operation, it was challenged by its manual approach to cash flow management. Often paper cheques sat on desks for weeks before being taken to the bank, and invoices were often paid weeks (and in some cases months) overdue.