2015 Europe Working Capital Survey 2015 Europe Working Capital Survey: Working Capital Practices of the Top European Companies
The 17th edition of the REL Working capital survey analyzes the working capital practices of the 1,000 largest publicly traded European companies by revenue with eye-opening results. Download

2015 US Working Capital Survey 2015 US Working Capital Survey: Find out how top US companies are managing their working capital
The 17th edition of the REL Working capital Survey analyzes the working capital practices of the 1,000 largest publicly traded US companies by revenue with eye-opening results. Download

The State of Source-to-settle Operational Excellence

US state agencies have $1.1 trillion of debt; source-to-settle operational improvements can restore budget bliss. Download

Freeing Cash to Fund Growth

Best-practice and globally standardised receivables processes put ARCADIS on the path to generating €100 million cash to pursue acquisition goals. Download

Stop the Spare Parts Madness

Key steps in getting your maintenance, repair and operating spend (MRO) under control. Download

REL in the Press

MyPurchasingCenter, "What Have We Learned from the Great Recession?,"

When it comes to cash management, have companies learned anything since the Great Recession? Are they prepared for an increase in interest rates? Derrick Steiner, Management Consultant with REL, raises these questions as he walks My Purchasing Center through results of the new REL/CFO Working Capital Survey. REL is a division of The Hackett Group.

June 25, 2015

CFO, "Barely Working,"

The availability of cheap debt has reduced companies' incentive to improve working capital management, according to the results of REL's annual U.S. Working Capital Survey.

June 10, 2015

Wall Street Journal, "Firms Struggle to Boost Efficiency Measure,"

Executives often gauge a company's efficiency by measuring how long it takes the business to convert its investments in plants, research or supply chains into cash. The shorter the time frame, the more efficient the company. As a whole, 967 of the largest nonfinancial public U.S. companies in the U.S. have improved only slightly on that score, according to consulting firm Hackett Group. In fact, the data call into question whether companies have gotten more efficient since the recession.

June 9, 2015

   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
   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.   

Working Capitalist Newsletter

The Working Capitalist - Spring 2014The Working Capitalist - Spring Special Edition 2015 – In this issue of The Working Capitalist, we showcase the role of cultural sensitivity in working capital transformation and how companies are taking innovative approaches to inventory and late payment to reap real bottom-line benefits, which can be used to fund innovative growth initiatives elsewhere in the enterprise.


REL, a division of The Hackett Group, has helped many of the world's leading businesses release billions through sustainable working capital improvements. REL focuses on three critical end-to-end processes: inventory management, accounts receivable and accounts payable to increase cash flow and service performance while reducing costs and business risks.
Learn More

Featured Webcast

Summit TV (SA) Business Q&ASummit TV (SA), "Business Q&A,"
REL director for South Africa Jonas Schoefer unpacks details on how the working capital performance improved slightly for 160 of the largest South African public companies in the REL analysis, in an interview with South African Business and Financial Journalist Candy Guvi. Watch Now