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Two weeks had passed since Gabriella Garito had taken office as Administrative Co-ordinator of Acea di Pinerolo, the public utility company serving the municipalities in the Southwestern area of the province of Turin. Like a flash of lightening, on that morning of 15 January 2001, Gabriella received a payment notice concerning a tax adjustment for an amount just over one million euros. Her amazement grew even more when she realised that the company?s immediate liquidity, basically active funds on the current account, did not exceed one hundred thousand euros. How was she to find the funds necessary to cover such a huge amount in just one month (the date of maturity of the payment was 15 February)? Without doubt the first thing to do was to create an instrument that would allow the planning of the company situation for the following month and for the remaining months of the year. A careful examination of the company?'s earnings as compared to expenditure could have determined the exact amount of the financing needed and immediately detect any possible imbalance.