Finance directors are increasingly harnessing cash flow management as a tool for financial health and to drive customer loyalty.
European companies are finding it difficult to sustain improvements in working capital performance, with an average of just 12% of firms achieving three years of consecutive gains over the past nine years, according to a recent survey by global working capital consulting firm, REL.
Whilst revenues are on the increase, debt has risen in Europe by 40% since 2008, due in large part to low interest rates, the survey found.
So how can businesses boost their growth and stay competitive? The toxic combination of irregular payment cycles and complex lending policies places a heavy burden on finance and credit organisations, making bank loans often the go-to option.
Find out how you to use innovative solutions to use working capital to drive value through the supply chain here.