Well, that's simple enough in theory. However, consider this - “A typical $1 billion company spends approximately $27 million annually on unnecessary working capital and inefficient processing functions because they lack visibility into the Financial Supply Chain…” (Killen Associates)
Regardless of their size or industry, companies are losing hard-earned revenue in unnecessary expenses. Thisbleeding of significant cash is a direct result of the inefficiency of their financial back office functions - Accounts Payable, Accounts Receivable, Purchasing (Procurement), and Treasury Operations. No one can sustain bleeding cash for long. Is your financial back office bleeding cash like a bucket with holes?
If you are concerned about your cash flow and operating margins, we should talk. Give us a call today or send us an e-mail.
World class companies have found that:
Technology is a critical component for optimization but choosing the right one is a complex task
While you work hard on growing revenue, we hope that you are also taking steps to prevent the bleeding of cash in your back office functions.
Maintaining good margins and cash flow requires the right balance of: