Given the cost of new capital, no business can afford to let their existing capital go to waste.
However, some businesses don’t realize how much cash is trapped on their own balance sheets. Freeing up that cash – by optimizing their working capital – delivers more than improved operational efficiency. It also gives companies the added liquidity they need to fund growth, reduce debt levels, lower costs, maximize shareholder returns and even outperform their competitors.
While there are numerous ways to free up working capital, Deloitte’s reports focus on four core strategies: accounts receivable, accounts payable, cash management, and inventory. This featured report looks at accounts receivable strategies.