The first ever Working Capital Forum to be held in New York City saw a wide variety of organisations coming together to discuss working capital issues, from multinational corporations to a not-for-profit social housing group.
As working capital increasingly becomes a top-level agenda item, businesses are struggling with the requirements of the Duty to Report legislation and finding that their data quality presents difficult challenges to their working capital strategy and their compliance.
Conversations about working capital management often go down the route of discussing payment terms extensions and how that can help improve the payables position on the balance sheet. But a different twist to that dialogue featured prominently in a recent meeting of the Working Capital Forum, kindly supported by Basware.
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January 2023
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