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- PIMCO’s Bill Gross: On the "Course" to a New Normal, September 2009 Investment Outlook
- Session: Automating Payables to Optimize Working Capital
- Session: Re-inventing your AP process.
- Session: Kyriba demonstrates their ASP-based cash management operation.
- Session: Cash Flow Forecasting: Overcoming Challenges
PWC's latest European Working Capital study found that its sample of firms showed no improvement in working capital as a % of net assets since 2004. Decreases in DSO and DPO have been observed, but these too will hit a limit. Researchers suggest that supply chain optimization may be the last remaining frontier for companies to significantly reduce working capital. This will not be a quick and easy win.
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Hackett Groups reports that 80% of firms are unable to forecast 13-week cash flow within 5% accurracy.
Only one in three can accurately forecast their earnings, due to unknowns in the sales and expense categories.
Top performers have five characteristics in common: the simplest of the five is to "develop closer vendor and customer relationships." The other four require substantial organizational effort. Management and boards should throw their weight behind these initiatives.
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