Research

2018 Europe Working Capital Survey 2018 Europe Working Capital Survey

The cash conversion cycle (CCC) improved by 7.2% last year among Europe's top 1000 nonfinancial companies while net working capital expanded. However, these companies lost the use of over 1 trillion euros, which remained tied up in working capital. Download

Take Steps Now to Prepare for Higher Interest Rates

Companies have exploited low interest rates in recent years to bolster their financial position and increase spending. But with signs of higher rates ahead, defensive steps may be in order. Download

Using DSO to Measure Your Accounts Receivable Performance

Which key performance indicator (KPI) offers the best way to measure and monitor accounts receivable? It ultimately depends on your company's particular structure, culture and goals. Download

Seven Habits: Highly Effective Supplier Payment Practices

Companies can't always get paid when they would like to, but they can exercise control over when and how they pay their suppliers. Download

Takes steps now to free up cash by year-end

It's not too late to positively impact your working capital by year-end. Your organization can take steps now to release cash from your operations and simultaneously lay the foundation for sustainable improvement. Don't wait until it's too late. Download


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Experts in working capital management

REL, a division of The Hackett Group, has helped many of the world's leading businesses release billions through process transformation that drives sustainable working capital improvements.

We focus on three critical end-to-end processes – inventory management, accounts receivable and accounts payable – that can improve cash flow management and service performance while reducing costs and business risks.

Working Capitalist Newsletter

The Working Capitalist - Autumn 2018 – Our latest issue of The Working Capitalist newsletter examines untapped cash flow improvement opportunities and some tools (like the Cash Accelerator or the contract cash scoring model) that can help trigger lasting changes. You'll also learn about advanced cash analytics and five essential factors to a successful supply chain finance arrangement.

   I was very pleased to have a team of such professional people working with me; they looked to identify and resolve issues from day one. REL are extremely professional and dedicated to delivering quality work.   
European Aeronautic Defence and Space Company
EADS N.V.
   We were impressed with the people of REL; impressed with how they explained the various concepts involved, their emphasis on knowledge transfer, and their collaborative, team-oriented approach. REL proposed an approach that involved Cytec in every aspect of the effort, rather than doing everything with Cytec personnel watching.   
Cytec Industries Inc.
   REL provided both an independent viewpoint and consistent approach - the same people were involved in both phases. The reporting was simple, basic and useful. I like that REL is a small, niche consultancy - they are experts. The differentiator (to other consultancies) is the personal approach that REL provides.   
Heineken Italia S.p.A
   With the pragmatic approach the REL consultants got to the heart of each process and introduced some real hand-on tools and solutions to improve communication on and execution of key-processes in NWC-management supporting change of mindset across management.   
Arcadis NV
   REL brings in good professionals, who roll up their sleeves and start working with local teams to make things happen. They have a hands-on mentality and a no-nonsense approach. They are not like typical consultants who only give you plans to follow.   
Philips

REL in the Press

CFO, "No Pain, Just Gain for Supply Chain,"

Supply chain financing lets companies stretch payment terms without hurting their suppliers' cash flow. But according to The Hackett Group's research, only 23 percent of all companies use any type of trade financing. With insights from The Hackett Group's Amy Fong and Veronica Wills.

February 20, 2018

Financial Director (UK), "Carillion: A wake up call on working capital,"

One of the big lessons of Carillion's collapse is the need for companies to maintain a strong working capital position. Finance directors must put in place an organisation wide structure to achieve this, say experts. With insights from The Hackett Group's Bastian Krawinkel.

January 25, 2018

Financial Director (UK), "It's time to get ready for quantitative tightening,"

Robert Haas, Senior Consultant, Working Capital Division, at The Hackett Group, discusses the need to prepare for changes in interest rates.

December 4, 2017

Beschaffung aktuell (DACH): "Deterioration of Performance in Germany"

In German. Article begins on page 7. The working capital performance of major German companies worsened in 2016: The 132 German manufacturing companies analyzed in the current study by REL, a division of The Hackett Group, had a cash conversion cycle (CCC) of 48.2 days on average in 2016, compared to 46.3 days in 2015.

November 6, 2017