Benchmarking for Working Capital Strategies
Many companies seek to differentiate themselves and achieve success primarily through new technologies or unique product or service offerings. Companies that apply best practices go beyond this by gaining competitive advantage through stronger and more efficient internal business processes. The role of cash management can vary greatly from one company to the next, making an apples-to-apples benchmark comparison of how corporations collect, disburse and invest cash an arduous task. Good to excellent businesses frequently attempt to optimize their company's cash management function by incorporating best practices to reduce external financing cost, lower bank charges, minimize risk and manage long- and short-term liquidity.
These companies approach working capital management with a goal to lower costs and free up resources for investment and growth. They take full advantage of myriad opportunities to strengthen cash flow and......
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Approximate Word Count: 4732
Approximate Pages: 19 (260 words per double-spaced page) |