Cash Flow Delivered

Our clients span across multiple industries, sectors and geographies. In the past ten years alone, REL has implemented more than $25 billion in working capital improvements for our clients. Browse selected case studies by industry.


Cash flow improvement to fund future product development

Aerospace and defense company achieves €800 million of cash to fund future product development through improving its Source-to Settle and Customer-to-Cash processes. Read More

Global Aerospace Corporation - Squeezing cash from payables

Global aerospace corporation was facing high incidents of late payment across the business and it had no reporting to identify the causes of late payment. Through improving its handling of payments to suppliers the company was able to reduce its working capital by €67M, at the same time as reducing the amount of disputed invoices by 50%. Read More

Automobile Manufactures

Cash flow improvement and improved debt capacity

Major US auto manufacturer reduced its working capital by over $830M in just 4 months by renegotiating supplier payment terms and streamlining related working capital processes. Read More

Working Capital improvement and increased agility

Through improving its handling of supplier payments, an automobile manufacturer was able to improve its working capital performance, achieving this improvement was critical in its attempt to reverse the company trend. Read More

Building Products

Reducing Working Capital through inventory reduction

Building products producer reduced working capital from 25% to 20% in only 15 months, benefits delivered primarily through inventory reduction programme. Read More


Improve Working Capital to meet private equity financial needs

The diverse nature of a global specialty chemicals companies business meant that activities to reduce working capital had not been given insufficient priority in the local operating companies, that is until improving working capital became a necessity to meet private equity financing needs. Read More

Electrical Components

Meeting financial markets' expectations through working capital improvement

Leading provider of cable solutions meets financial market's expectations through reducing its working capital by 27% which contributed to 20% increase in the stock price. Read More

Food, Beverage & Tobacco

Major tobacco company delivers 11% of benefits

A pilot implementation of an inventory reduction program brings 11% of full potential benefits to a major Tobacco company in the first 3 months. Read More

Royal FrieslandCampina targets $285 million in cash-flow generation through working capital improvements

Royal FrieslandCampina, a multinational dairy company, achieves $285 million in cash-flow generation with REL Consultancy's by implementing world-class working capital performance processes. Read UK Version  |  Read US Version


Quick Wins programme: Reducing working capital by €1.29 billion

A global, research-based group active in life sciences, polymers and chemicals reduces working capital by €1.29B in three months through a quick wins programme focussed on inventory and accounts receivable. Read More

Specialty Chemicals

Cytec Industry - Reducing Working Capital by nearly 40% to fund future growth

Cytec Industries Inc. is a global specialty chemicals and materials company with operations in more than 36 countries, focused on developing, manufacturing and selling value-added products. Due to the economic downturn, in 2009 Cytec needed to amend its bank facility covenants and wanted to refinance senior debt due in 2010. The pressure was on to demonstrate to the capital markets that Cytec could continue to generate cash through the downturn in the business cycle. Read More

Hexion reduces inventory by 16% within four months and strengthens capabilities to sustain results

Hexion Specialty Chemicals is the world's largest producer of binder, adhesive, coating and ink resins for industrial applications. Headquartered in Columbus, Ohio, Hexion employs approximately 6,200 people globally and serves customers in most world markets. Read More

Worldwide receivables improvement programme in a multi cultural environment

Global specialty chemicals company achieves 18% reduction in days sales outstanding (DSO) through worldwide receivables improvement programme. Read More

Utilities - Electrical

Customer-to-Cash cycle improvement

A leading utility company was facing poor controls across the Customer-to-Cash processes, leading to more than 40% overdue AR. Through customer-to-cash processes improvements the company achieved €600M reduction in accounts receivable. Read More

Contact us today for a complimentary cash flow assessment and take the first step toward releasing more cash from your operations.

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