Why companies with a strong ‘cash culture’ are better prepared for economic turbulence: Round table report
Today I moderated a virtual round table for corporate treasurers for our Working Capital Forum networking group.
The latest meeting of the Working Capital Forum saw treasury leaders from several major retail and FMCG firms gather around our Virtual Round Table.
The first live Working Capital Forum event for over two years took place at the Waldorf Hotel in London’s West End on 14th October 2021. The event has brought together more than 100 treasurers and working capital experts to discuss the latest themes, challenges, and keys to success in working capital.
Cash pooling offers clear advantages to businesses that want to make cash ‘trapped’ in subsidiaries available at the group level.
Banks and corporates must keep an “open mind” and embrace new digitised platforms to secure the future of trade finance.
The May round table meeting for the Working Capital Forum saw treasurers from seven multinationals gather to discuss ways of encouraging supplier take-up of supply chain finance programmes, in a meeting sponsored, as usual by American Express.
Bringing disparate entities together in a centralised treasury or shared service centre can be a positive step along the road to better working capital management.
The latest round-table meeting of the Working Capital Forum, supported by American Express saw eight senior treasurers gather online to discuss ways of getting ‘buy-in’ to working capital optimisation programmes.