- Over 85 Percent of Corporate Finance Professionals Say that Working Capital Management Will Become More Important in Future
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Hamburg – Hanse Orga Group asked finance professionals at the recent Finanzsymposium, an exclusive event for finance professionals that took place in Mannheim, Germany, June 10-12, how they manage working capital and how important a topic it is.
One key finding of the survey is that over 85 % of corporate finance professionals say that working capital management will gain importance in the future. For the reporting of key figures, however, most companies still use reference date evaluations (balance, P&L) which are limited in their information level. Transaction data would provide greater insight, but are only comparatively little used so far. This could be due the fact that only13 % of the companies use specific business intelligence tools today that would automate the evaluation of such transaction data and make them quickly available for reporting.
“Working capital management analytics offer great opportunities for companies, if it is done well. This is why we have developed specific solutions that enable dynamic analysis helping companies optimize their processes and unlock trapped cash. Flexible reporting, automated analytics and benchmarks which go beyond the classic key performance indicators of days sales outstanding (DSO) and days payables outstanding (DPO) pave the way to continuous working capital management”, says Kevin Grant, Member of the Executive Board, Hanse Orga Group.
Further information
For further details on the survey results, please read Hanse Orga’s summary here.
