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Do's and don't's for good cash management: a consultant offers a list of thoughtful and useful ideas for reducing working capital and improving internal efficiencies.(cash management)
- Article from:
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Financial Executive
- Article date:
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October 1, 2005
- Author:
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Copyright informationCOPYRIGHT 2005 Financial Executives International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With interest rates continuing to rise, oil and commodity costs mounting and ever-increasing pressures from Wall Street to increase shareholder value, it's surprising that some companies are not taking more measured steps to drive effective cash management and increase free cash flow.
Working capital is a highly effective barometer of a company's operational and financial efficiency and effectiveness. The better its condition, the better positioned a company is to focus on developing its core business. By addressing the drivers of working capital, in fact, a company is sure to reap significant operating cost and customer service improvement.
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