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 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.

The Working Capitalist: Spring 2018

Our latest issue of The Working Capitalist newsletter examines untapped cash from key working capital improvement opportunities. It provides clear steps to unlock cash from merger and acquisitions, on how to reach your best possible days inventory outstanding(DIO) and days payable outstanding (DPO).

Improving the Economic Return from M&A

A Hackett Group analysis found that companies routinely leave cash on the table during mergers and acquisitions. Find out how to reverse this trend and optimize working capital at each stage of the M&A life cycle.

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.

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.

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.

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.

There's Still Time: 7 Ways to Release Cash by Year-End

It's not too late to positively impact your working capital by year-end. Your organisation can take steps now to release cash and also lay the foundation for a sustainable improvement trend.

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.

Contact us

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