Leveraging the Cloud to Unlock Working Capital
With up to $1.2 trillion of cash unnecessarily tied up in working capital, U.S. and European companies are seeking solutions to help them unleash the rich vein of working capital sitting in Accounts Receivable (AR). For some businesses, the amount of cash stuck in AR exceeds 30% of revenues, inspiring companies to seek new solutions, such as cloud computing, to open the valve to greater cash flow.
Modern cloud computing offers an unparalleled ability to access and analyze data. And better data (i.e. intelligence) lets companies turn uncollected receivables into cash. Find out more about how cloud computing drives more effective collections strategies and, in turn, loosens the ties on working capital in the white paper.