Some finance professionals and organizations are eager, early adopters of new technologies and solutions. Others are not for various reasons, with cost and internal adjustments being the two biggest deterrents.
Supply Chain Finance
Editor’s Note: Kyriba recently announced a record half-year in bookings growth and has seen an increase in demand for its working capital solutions. We interviewed Kyriba’s Edi Poloniato, Global Head of Working Capital Solutions, to find out how companies are benefitting from working capital programs like supply chain finance and dynamic discounting.
Why is working capital optimization more important than ever?
Global companies have a staggering €1.2 trillion (USD 1.4 trillion) tied up in working capital, according to PwC’s Working Capital Report 2017/18. To put that figure in context, it’s enough cash to boost those companies’ capital investment by 48 percent – without them having to access additional funding or put pressure on their cash flows.