Hackett Working Capital Survey: All cash conversion cycle elements degraded last year

As the working capital environment returns to pre-pandemic levels, companies now have a $1.8 trillion opportunity to free up cash.

With all the ways in which the CFO role is expanding, one thing remains certain: the efficient management of working capital is pivotal to the survival and growth of the business.

Continued inflation, high costs of capital, challenges around talent, and the impact of AI on finance operations mark today’s CFO’s biggest challenges. But day-to-day tasks still revolve around making sure the organization remains in a healthy cash flow position.

Source: CFO.com