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- Title
7 Steps to Elevating Working Capital Performance.
- Authors
Gundavelli, Veena
- Abstract
The article provides options for companies seeking to elevate working capital performance. The seven steps serve as an effective roadmap for corporations looking for effective methods to free up cash locked in credit, receivables and payables by using business process improvements, technology and change management. Among the seven steps are suggestions for concentrating on cash flow as a performance metric; integration of credit risk, cost containment, outsourcing, cash flow forecasting and liquidity management.
- Subjects
CAPITAL productivity; CASH management; WORKING capital; FINANCIAL performance; CORPORATE finance; OPERATING revenue; CASH flow; CREDIT risk; DEBT management; FINANCIAL planning; COST control
- Publication
Financial Executive, 2006, Vol 22, Issue 4, p52
- ISSN
0895-4186
- Publication type
Article