Research

2016 Europe Working Capital Survey 2016 Europe Working Capital Survey: Working Capital Performance of Top European Companies

European companies posted a 1.7% improvement in their cash conversion cycle (CCC) last year as both receivables and payables improved. Download

How Working Capital Impacts Profitability and Operational Performance

Many organizations overlook the substantial impact a sustained reduction in working capital has on top-line performance indicators such as profit margin. Download

Brexit and Working Capital Impact: How Should UK Companies Prepare?

For businesses in the United Kingdom, Brexit is already a source of uncertainty and anxiety. It is for this reason that they should take a deeper look into their working capital and bolster their cash reserves. Download

Brexit and Working Capital Impact: How Will Remaining EU Companies Be Affected?

With Britain leaving the European Union, it could lead to a shift or loss in business for the remaining EU companies. Major European companies will be watching closely to see if there are significant impacts on the products they export to the United Kingdom. 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: Spring 2017 – Our latest issue of The Working Capitalist newsletter examines what it takes to sustainably improve working capital performance. It examines the performance characteristics and metrics associated with top performers and offers recommendations for where underperformers can begin to improve working capital performance.

   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

Times of London, "Slashed Investments Pay Dividends"

Europe's corporate giants are returning their spare cash to investors while loading up on cheap debt, taking dividend payouts to their highest level in ten years, according to a study from REL, a division of The Hackett Group. The largest 1,000 businesses across Europe have raised dividends by a fifth to €234 billion since the financial crisis in 2008, while doubling the amount of cash on hand to €881 billion.

July 19, 2017

Controller's eNews Blog (DACH): "Mayday in London. Interview concerning Brexit under Finance and Controlling Aspects"

In German. The Hacket Group's Paul Moody discusses problems Brexit may cause European companies, and how working capital optimization can help.

April 13, 2017

Risk Management (UK), "Why do M&As Fail?"

Snapping up rivals or merging with powerful competitors to create mega-companies that dominate markets has long been a strategy for business growth, and nothing excites financial markets more than news of large deals. But there is a catch: Most mergers fail. Including insights from The Hackett Group's Phillip King.

April 3, 2017

Treasury & Risk, "Credit Management Technology Plays Catch-Up,"

As companies go about their business, one of the big risks they face is among the most mundane: customers paying them late, or not paying them at all. And credit teams, which are charged with handling this risk, are finding that as the world speeds up... Including insights from The Hackett Group's Veronica Wills.

March 20, 2017