Last week, Michael Alfonsi and I presented a session entitled "Understanding Working Capital and its Implications for your Company" to attendees of IAPP's national webinar series, which is part of IAPP's commitment to providing continuing education for the organizations national membership. The preso can be accessed here.
With over 90% of the attendees lasting through 90+ minutes of financial discussion on working capital and its implications, it appears that the event was a success !
An interesting stat learned through polling the audience was that ~30% are new to the concept of working capital management and learning about it, approximately 60% have had some involvement in the topic and its optimization in their organizations, and <10% saw themselves as having performed a significant amount of work on working capital.
Payables is one of the 3 contributors (along with receivables and inventory) to working capital, and in an environment where capital is constrained and elusive, AP professionals can make a meaningful contribution to optimizing their company's working capital structure...
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