This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.
The lessons learned from the financial crisis will have a long lasting benefit in the fields of Cash management, forecasting and investing. Understanding the working capital cycle and taking control of it became a priority; in many companies this had been a neglected area. This article describes how making full use of the available accounts receivable and accounts payable technologies, getting on top of reconciliations, reducing admin and errors, tightening Days Sales Outstanding, claiming supplier discounts and improving cash flow and its forecasting will all be a permanent legacy of those critical times.
Comments/Reflections