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The Customer Value Group has recently launched its Total Working Capital
Dashboard - SmartView.
The software solution will enable management teams to make more informed
strategic decisions about cashflow, working capital and opportunities to
optimise business performance.
According to recent research, Europe’s top 1,000 businesses have an average 44.3
Days Working Capital.
Many companies suffer cashflow problems from having a significant proportion of
sales stuck in inventory and a high percentage of outstanding invoices.
This is compounded by the inability of ERP systems deployed in complex,
multinational organisations to provide real-time visibility of the working
capital position.
SmartView provides a single, definitive view of working capital information by
integrating inventory, receivables and payables data stored in ERP, financial
and inventory systems.
The Dashboard’s sophisticated analysis tool-set enables users to drill down by
business unit, by customer or vendor, and even by individual purchase and sales
transactions.
This granular level of analysis allows businesses to monitor real-time levels of
working capital and identify the root causes of performance issues so early
corrective action can be taken to minimise the potential impact on the business.
SmartView also enables management teams to benchmark current working capital
performance and set and monitor targets for improvement at all levels of the
business.
The solution’s reporting tools enables users to quickly and easily generate
reports in a variety of formats, including by time period, currencies and,
business units.
In addition to the standard reporting templates, the solution also offers a tool
for users to create their own customised reports.
Dickie Bielenberg, Managing Director of The Customer Value Group, explained:
“Managing working capital without having a single, real-time view of performance
is like flying a plane through clouds without radar.
"Disjointed systems and disparate sources of data often obscure the real picture
making it difficult to make informed decisions or take corrective action early.
“The Total Working Capital Dashboard puts CFOs in the cockpit and equips them
with the tools they need to make sure the business takes off through smarter
working capital management.”
The SmartView Dashboard is a fully integrated module within The Customer Value
Group’s Customer Value Management software platform which distils over 30 years
consultancy and technology experience in working capital, cashflow and best
practice.
Source:
Credit
Control Journal
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