Research

2017 Europe Working Capital Survey 2017 Europe Working Capital Survey

Compare your working capital performance with top 1000 European companies in key industries and countries. The cash conversion cycle (CCC) slipped 3.6% last year among Europe's top 1000 nonfinancial companies while net working capital expanded. These companies lost the use of over 1 trillion euros, which remained tied up in net working capital. 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. This article takes a closer look at using days sales outstanding (DSO), the most popular receivables KPI. 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. It's important to have good habits in this area so that cash is not left on the table. 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


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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.

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European Aeronautic Defence and Space Company
EADS N.V.
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Cytec Industries Inc.
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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
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Philips

REL in the Press

PYMNTS, (UK) "Top E.U. Firms Are Holding More Than $1 Trillion In Net Working Capital,"

Financial analysts are fairly optimistic about Europe, but the latest Europe Working Capital Survey released by REL Consultancy, part of The Hackett Group, found the EU's top 1,000 nonfinancial companies saw their cash conversion cycles slip as they hold onto more net working capital. The data found more than $1.2 trillion in net working capital among the REL 1000, while their cash conversion cycle dropped 3.6 percent in 2016, according to the report.

August 4, 2017

Financial Director, "Over €1 trillion 'tied up in net working capital',"

The latest figures from the Europe Working Capital Survey reveal that Europe's top 1000 nonfinancial companies cash conversion cycle (CCC) slipped 3.6% last year, as net working capital expanded. Bastian Krawinkel, Senior Manager at REL Consultancy, part of The Hackett Group, explains the figures.

August 3, 2017

CFO, "Late Shift: The 2017 Working Capital Scorecard,"

Delaying payments is boosting the working capital performance of America's largest companies, but also masking a lack of efficiency. Results from The Hackett Group's 2017 Working Capital Survey.

July 26, 2017

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