Make your working capital work for you: Strategies for optimizing your cash management
Companies looking to bolster their cash position may be overlooking capital hidden on their own balance sheets.
Cash is not only king, it’s critical. Companies require cash to maintain competitiveness and fuel their growth strategies. Run out of cash and your company can experience significant distress or even bankruptcy. Securing external financing is an option, but it can often be a challenge. Moreover, companies that are primarily focused on tapping external financing may be overlooking a hidden source of capital – their own balance sheets.
Make your working capital work for you: Strategies for optimizing your cash management is the third in our working capital series, which identifies actions you can take right now to free up cash. While there are numerous options, this series focuses on four core strategies:
To learn how these best practices can help you outperform your competitors, download our report now.