Aston iTF’s contribution to the Redbridge Debt & Treasury Advisory study
Cash culture, supplier payment times, customer payment times, digitization of processes, innovative financing, factoring, reverse factoring… there are many issues to master in order to optimize working capital requirements.
Redbridge Debt & Treasury Advisory has published a very interesting study on optimizing companies’ working capital. Aston iTF had the opportunity to testify. This study details the links between treasury and purchasing, sales, sales administration and credit management functions within major groups.
Consulting firm Redbridge claims that 70% of large companies surveyed use bank overdrafts to finance their WCR.
For Aston iTF’s Marketing & Sales Manager, “companies large and small are faced with two challenges: toinnovate thanks to digital technology in order to remain competitive, and to find the cash to finance this transformation”. “In the face of these necessities, optimizing working capital and cash culture play a strategic role”, he adds.
Aston ITF offers a platform designed to facilitate collection recovery, customer risk management and factoring of trade receivables.
Companies ask us to automate the cash collection process, to do things better and faster, and to analyze performance and anticipate customer risk. Thanks to Big Data and AI, we can intelligently automate tasks, provide real-time business dashboards at every level of the company, and analyze customer payment behavior to adapt dunning accordingly,” explains Théo . According to Aston iTF, it is possible to reduce manual tasks by 60-80% and cut collection times by more than 20%.
The rest of the study is available here .
IN SUMMARY
- Interactions between the supplier cycle and the treasury function
- Interactions between the customer cycle and the treasury function
- How do companies finance their WCR?
- Technological solutions for optimizing working capital?
- Factoring: competitive dynamics increasingly favourable to companies
AS WELL AS THE VIEWS OF :
- Pierre Pelouzet, Corporate Ombudsman, on the challenges of customer-supplier relations
- Laurent Lestienne, Adeo’s Head of Treasury and Financing, on cross-functional working capital projects
