Your source for working capital insight and intelligence

Through our annual working capital management research and repository of fact-based performance metrics, benchmarking data and best practices, we provide insight that can help you achieve corporate goals by liberating cash. Download and read our research publications about working capital management strategies and techniques for improving the cash conversion cycle (CCC).

The Working Capitalist – Autumn 2016

Our working capital surveys of nearly 2,000 companies in the US and Europe illustrate the difficulty of achieving sustained improvement in working capital performance.

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.

2016 US Working Capital Survey: Working Capital Performance of Top US Companies

The 2016 US Working Capital Survey identified some possibly worrisome signs of deteriorating working capital performance.

The Working Capitalist – Spring 2016

Working capital or cash flow performance is often seen as a measure of a company's operating health. This issue of The Working Capitalist will help you evaluate and improve the health of your working capital capabilities, with special emphasis on making the cash collections process more effective and contracting sensibly to enable strong cash flow.

Working capital capabilities: How do you compare?

Working capital or cash flow performance is often seen as a measure of a company's operating health. Test your organization's working capital capabilities and find out how to make permanent improvements in your processes.

Achieving Working Capital Maturity: Secrets of the Champions

The 2015 Working Capital Survey of the top 1000 companies in North America and Europe found that a significant number of these companies waste 15% or more of their EBIT through inefficient working capital management. The same study found that only 1% of the companies have achieved improvements in cash conversion cycle over the past three years.

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.

Boost Cash Flow Forecasting Accuracy Through Improved Working Capital Processes

Whether implementing targeted changes or addressing working capital management more broadly, following the lead of top performers by improving, automating and/or standardizing key processes can improve cash flow predictability and, thus, the ability to forecast cash needs more accurately.

The Earnings Game: Is gaming the system at year end to meet working capital targets really worth it?

Pressures from investors make public companies to spend much effort on making the numbers - especially working capital ones - look good at year end.

Achieve Cost and Revenue Goals Through Sustainable Working Capital Improvements

Working capital management and the relationship of cash flow performance to cost and revenue performance remains a largely unexplored avenue for many corporation.

The Seven Secrets of a Successful Working Capital Initiative

Learn the critical success factors and reinforcing mechanisms that lead to long-term working capital improvements.

Is Indirect Spending Weighing You Down?

Depending on the industry, indirect spending accounts for 18-35% of a company's global revenue. The REL Consultancy's new paper discusses how to Increase your cash-flow by working capital optimizations of indirect expenses.

Meet the New Mandate: The Treasurer's New Role

Treasurers have always played a central role in cash management, but mostly through control. Next-generation cash management requires treasurers to lead as well.

4 Working Capital Project Pitfalls and How to Avoid Them

Gain insight on how you can avoid the 4 working capital pitfalls to ensure your project success in terms of achieving sustainable improvements in processes, cost and customer service.

How Decentralised Firms Can Improve Working Capital

Decentralised organisations often have a hard time achieving world-class working capital performance. Structural factors – such as far-flung operations, project-driven work, autonomous business units – often get in the way of efficient cash management.

Four Steps to World-Class Working Capital

When it comes to improving working capital practices, companies often seek a quick fix, such as a clear number that tells them how much money they might unlock if they only had better working capital practices.

Secrets of Success: Achieving Working Capital Maturity

First-rate working capital management skills are not easy to achieve. The 2015 Working Capital Survey of the top 1,000 companies in North America and Europe found that only 1% of companies have achieved improvements in cash conversion cycle (CCC) – a key measure of working capital performance – for the last three years in succession.

The Role of Change Management in Working Capital Transformation

Driving sustainable change is challenging for global companies with processes distributed across dozens of countries. How is it possible to make change happen swiftly and with minimal side effects in a global corporate setting? And, especially, where the potential for cross-cultural misunderstanding abounds, and long-distance communication adds to the complexity. Successful working capital improvement initiatives emphasise the importance of intercultural change management.

A Fine Balance: Optimising Working Capital Trade-offs

Optimising working capital trade-offs is critical - especially in a recovering economy. The ultimate question is whether they're decided through guesswork or on the basis of fact-driven analysis rather than instinct.

As the Center of World Trade Shifts so Will Working Capital

General wisdom holds that any future growth would occur across a set of emerging economies commonly referred to as the BRICMK markets. To seize this opportunity one needs to understand the impact of expanding in emerging markets on companies net working capital (NWC) performance and how companies are managing processes to adjust this change.

Blueprint for a Cash Culture

To help CFOs build a cash culture, REL asked companies to share details of their cash-management practices.

Discovering the Cash Tied up in Your Working Capital

Plan and implement steps to release cash from your working capital. Achieve a sustainable and improved working capital management.

Five Steps to Improve Cash Flow

Executives realize that in a volatile era, there is no substitute for cash. No matter how much revenue you recognize or how many assets you have on your books, the simple and enduring truth is that the only enterprises that survive are those that generate enough cash to keep their operations running.

Hoarding Cash Yet Leaving Trillions

The REL 1000 cash management surveys found that companies are hoarding tremendous amounts of cash. In 2010, the U.S. 1000 companies had $853 billion, up 6 percent from the previous year and up an eye-opening 74 percent since 2005, while the Europe 1000 companies had €649 billion, up 18 percent from the previous year and 57 percent since 2005.

Winning By the Numbers: Following the Right Metrics Can Boost Working Capital Efficiency

Key performance indicators (KPIs) are easy to derive and understand, and they help executives track the health of the entire business. While KPIs can indicate how well a specific area of the business is operating, they do not necessarily explain why the business is succeeding or struggling.

Working Capital Management for the Automotive Sector

A Q3 2011 analysis of the auto industry indicated $13 billion in working capital opportunities for the top three US automakers and $6.7 billion for US auto suppliers.

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Take the first step toward releasing more cash from your operations. Contact us today for a complimentary cash flow analysis.

REL showed the disciplines and maturity to "run with the ball" and we admired the way REL pushed back when needed to and kept the momentum going in a difficult and complex situation.

RR Donnelley