Cash Management Reforms Needed

More than a year after the credit crisis reduced cash on hand at most American companies by an average of 10% and froze many out of the credit markets, establishing a cash management culture remains still a struggle, according to a new study from management consultancy REL, a unit of the Miami-based Hackett Group.

Mark Tennant, president of REL, says that despite the new focus on cash, many companies still aren't integrating the idea of cash optimization into the fundamental workings of their businesses.

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