According to the sixth annual Working Capital Survey produced by REL Consultancy Group for CFO Magazine, US companies are continuing to find ways to improve cash flow despite a volatile economy. On average, US companies reduced Days Working Capital – a metric that measures how many days of sales are tied up in business operations – by 5 days to 49 days in 2001. In general, improvements in cash flow were not achieved ‘on the backs of suppliers,’ evidenced by the fact that US firms paid vendors an average of five days faster in 2001. On the flip side, companies did a better job of billing and collecting from customers: average Days Sales Outstanding (‘DSO’) dropped from 53 to 47 days last year.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more