Efficient cash management is a priority for many companies looking to free cash tied up in working capital and reduces reliance on more expensive sources of liquidity. Addressing receivables is critical to release cash and limit financial risk. Extended contract terms and non-compliance can lead to increased exposure due to customer financial risk as well as non-payment caused by process and administrative inefficiencies.
Cost and Capital Partners believes that the first hurdle to overcome is diagnosing the source of poor cash management. In the report, we review the common symptoms of poor customer payment performance, internal reporting obstacles, process bottlenecks and our view of the necessary steps to enact change and improve working capital through receivables management.
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