The Hackett Group's “2018 Working Capital Survey”reveals a massive opportunity to free up over $1.5 trillion in cashacross the United States and Europe. (See Figure 1, below.) Thisopportunity is cash tied up in receivables and payables. In theUnited States, the receivables and payables opportunities represent$334 billion and $358 billion, respectively. The opportunities inEurope are a similar size.

Accessing this cash to show a healthy balance sheet is theprimary driver for year-end gamesmanship, also known as the“dash for cash.” The result may well meet market andshareholder expectations and have a positive impact on share price.However, playing the year-end game is successful only for the shortterm.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.