10 Ways Companies May Improve Their Working Capital Position
Source: Financial Solutions Group
Working capital is a highly effective barometer of a company's operational and financial efficiency and effectiveness. The better its condition, the better positioned a company is to focus on developing its core business. By addressing the drivers of working capital, in fact, a company is sure to reap significant operating cost and customer service improvement. In most companies, there is an enormous sum of cash that is literally stuck in transit, a result of inefficient receivables, payables and inventory practices. Liberating the billions in cash trapped on the balance sheet is easier than one may think.