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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.