U.S. And EU Companies Wasting $1.3 Trillion In WC?

Leading US and EU companies can achieve working capital benefits by properly addressing ‘root and branch’ aspects of working capital policies, processes and metrics, notes an EY survey. EY’s seventh annual publication titled: “All tied up — Working capital management report 2014” offers insight into top 2,000 companies in the U.S. and Europe, besides focusing another 2,000 companies in seven other regions and countries. U.S. flat to deteriorating C2C compared to EU companies The EY survey highlights that compared with 2012, WC performance of leading U.S. companies further deteriorated while it was relatively stable in Europe. As can be deduced from…