Working capital & supplier payments

Solutions

Working capital & supplier payments

We work with finance functions to enhance the cash culture within the business, embedding this culture through practical solutions to enhance cash management through business partnering. Through a rapid diagnostic we can assist businesses in unlocking working capital and developing a cash culture within a business.

In our experience the finance function is the cornerstone to creating and establishing a cash culture in any business.

Our working capital optimisation framework follows the steps below:

  1. Making it visible
  2. Making it urgent 
  3. Make it happen
  4. Make it stick
Make it Visible
  • Understand the working capital baseline
  • Set the target and align on need / urgency and use hypothesis based approach to prioritise focus
  • Perform transactional level analytics, develop working capital dashboards
  • Report performance and get buy in from relevant stakeholders 
Make it urgent
  • Identify opportunities and quantify benefits
  • Define and prioritise improvement initiatives outlining rationale, key activities and risks
  • Define and launch quick wins
  • Build improvement roadmap for sustainable improvement
Make it happen 
  • Finalise and refine roadmap between tactical improvements and strategic investments
  • Roll-out quick wins and pilot initiatives in targeted areas
  • Address working capital ownership, governance and communication
  • Decide on structural changes on working capital, based on prioritisation of initiatives and roadmap
Make it Stick
  • Set up benefits tracking and track performance against plan
  • Secure ownership of changes in working capital management
  • Establish cash culture and embed KPIs into reporting
  • Determine key learning points and assess possibilities for ongoing improvements
Working Capital Diagnostic

This diagnostic is a rapid assessment of the working capital management within your organisation. It is the first stage in identifying and making working capital opportunities visible within an organisation.

Contact us

Damien Bones

Damien Bones

Partner, Deloitte Private

Damien Bones is a Partner at Deloitte specialising in Commercial Advisory for private companies. Damien has over 20 years’ experience providing business, accounting and taxation advice to small to med... More

Nick Fox

Nick Fox

Director, Payment Times Reporting Lead

Nick is a director within the finance assurance practise and is the working capital capability lead within accounting operations assurance. Nick specialises in transforming finance functions within a ... More