Is Cash culture a Finance issue?

by Evelyne Legaux on 12-05-2021

While countries reopen their economy & society, from a Cash perspective businesses are not out of the woods yet. In fact, things will get worse before they get better!

2021 has already witnessed a strong rise in late payments & terms extensions, a trend that can only gain momentum as governments start pulling the plug on Covid-19 support measures. According to Atradius, UK insolvencies alone are expected to soar by a worrying +56% from June…

Today’s world has made Working Capital a Board level priority for most, a critical shift that is meant to last. CFOs strategy is now focused on optimizing Cash generation by:

. pushing digital technology adoption for AR & AP,

. creating a Cash culture throughout the business org,

. up levelling reporting KPIs & forecasting for better insights.

How sustainable is your WCM strategy?

If it feels like a steep climb & you don’t know where to start, then LET’S TALK! We partner with a  leading global consultancy to provide you with a full WCM solution.

To learn more, get in touch on info@financeotcconsulting.com or visit our Contact page.

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