REL: Wall Street Journal, ``Companies Fall Behind In Cash Management''
July 09 2007 - 10:04AM
Business Wire
Big U.S. companies are stalling in their efforts to squeeze money
from their businesses through better cash management. Some of the
biggest publicly listed U.S. companies are now carrying a total of
as much as $764 billion in excess working capital -- the cash used
to finance the day-to-day operations of a business -- because of
inefficiencies in the ways they collect on bills from customers,
pay suppliers and manage inventory that is manufactured overseas,
according to a survey by REL, a unit of business-consulting firm
that focuses on working-capital issues. Click Here to Link to Full
Text of Article or visit the following URL:
www.answerthink.com/press/dj0607 A detailed REL analysis of the
findings is also available online at:
http://www.relconsultancy.com/twcUS. About REL REL, an Answerthink
company (NASDAQ: ANSR) is a world leading consulting firm dedicated
to delivering sustainable cash flow improvement across business
operations. REL�s tailored solutions balance client trade-offs
between working capital, operating costs and service performance.
REL�s expertise has helped clients free up billions of
dollars/euros/pounds in cash, creating the financial freedom to
fund acquisitions, pension liabilities, product development, debt
reduction and share buy-back programs. In-depth process expertise,
analytical rigor, and collaborative client relationships enable REL
to deliver an exceptional return on investment in a short
timeframe. REL has delivered work in over 60 countries for the
Fortune 500. More information on REL is available: by phone at
(770) 225-7300; by e-mail at info@relconsultancy.com; or on the Web
at www.relconsultancy.com.
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