In this Trend Talk, Michiel Steeman explores the opportunity that working capital presents for releasing cash and driving growth.
Dr. Michiel Steeman is the world's only Professor of Supply Finance. In this Trend Talk, he explains how businesses are sitting on excess working capital that, if released, could be used to stimulate their growth as we move into an economic upturn.
He touches on what working capital optimisation could mean for your organisation, how it can be measured, and what impact new directives, such as ‘European Commission’s Prompt Payment’ are going to have. He also discusses the changes that are needed in Accounts Payable to drive improvement, and the opportunities and threats Alternative Financing schemes such as Supply Chain Finance or Early Payment Discounts present.