By Improving Six Key Activities, Companies Can Speed Up Their Liquidation Rate By Up To 20%
As economies around the world remain, as the Wall Street Journal recently put it, "stuck in first gear" companies are searching high and low for sources of additional working capital. More and more, they're scrutinizing their own receivables operations as a source of additional cash flow.
What they're uncovering is generally not a pretty sight. Since account receivables are traditionally a back-office function, they easily fall victim to neglect. This amounts to receivables processes that atrophy over time. The resulting inefficiency translates to cash falling through the cracks. These "cash traps" are often overlooked but, by taking a few easy steps, can be easily remedied.