Companies are having a tougher time turning revenues into cash, according to PwC. The annual global Working Capital Study shows cash conversion is down 6% YoY at a 3 year low.
And, if all companies collected on invoices faster, they would have an extra 1.3 trillion Euros at their disposal. This means, they could invest 55% more in their businesses.
So, what do companies need to do?
RIABU’s Simon Littlewood and Mark Laudi walk you through some of the Asian findings of the report, and what you can do to increase your cash conversions.