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Lean working capital management: embedding best practices for revenue maximization and profit optimization.(Selected Topic)
Lean Working Capital[TM] management is the practice of applying best practices to ensure that you prevent revenue leakage, increase velocity and reduce costs. This focus is designed to increase cash flow, reduce bad debt, and decrease costs resulting in opportunities to deliver greater value to your shareholders and growth for your organization.
Many companies today are looking at the credit operation as an untapped source for revenue maximization and profit optimization. However, the lack of integrated systems, a weak infrastructure, and little standardization, along with poor online tools, all contribute to a slowdown in the cash flow process. Inefficient ...
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