Reducing working capital

Reducing working capital

Objective

Approach

To perform a Cash Sprint operation

1Cash Sprint
To deploy teams to 5 continents to implement Cash Sprint operations
2Quick Wins
To achieve tangible results, lending credibility to our approach
3Analyses of the current situation
To understand performance of each country through our diagnostic tools

To set up and execute an action plan throughout all zones

1Action Plan
To define different initiatives to improve significantly and sustainably results
2Assistance
To assist client teams with making their action plans operational
3Dashboard
To establish and monitor key indicators in performance tracking

Results

WC reduced by € 55 million
after 6 months
Cash culture increased among operations staff

Redistribution of administrative tasks to optimize productivity and efficiency
(operations staff focus on operations, effective administrative back-up, request onsite support in the event of blockage)
Significant improvement in the quality of invoicing