On page 74 in the October issue of AFP Exchange (page 76 in the online version) you will find Amber Christian’s article that addresses 3 key challenges to working capital optimization.
The key takeaways:
- Working capital optimization affects many business processes; it cannot thrive in a silo. Cross-functional teams provide a governance structure for your optimization efforts.
- Finding experienced staff with a background in financial analytics and data science is extremely difficult. The pragmatic approach is creating new career paths within finance for staff to learn analytics and big data.
- In many organizations, technology purchases are wedged into existing processes. This is the exact opposite of what should happen.
Read the full article here.