What Financial Operations Need to Know About Effective Working Capital Management

Working capital is one of the keys to an organization’s success. It is the fuel that drives business growth. “When organizations optimize their working capital, for every billion dollars of applicable spend, there is $3 million to $5 million of discount available, yielding double-digit returns on accelerated cash," reveals Tom Glassanos, founder and president of Bavelos Group, a company that specializes in best practices for payables-related working capital. "In addition, bank financing can…