Before the Covid-19 pandemic, working capital management often fell outside explicit board priorities. This is no longer true, and the topic is now increasingly seen by the C-Suite as a strategic necessity. Many organizations are therefore increasingly evolving their approach from tactical programs to WCM 2.0.

In this context, EuroFinance undertook a survey of 200 corporate treasurers to explore the relationship between the C-suite and Treasury. This white paper shares the survey’s findings which include:

• 71% of survey respondents said that working capital was a top three priority for treasury in terms of the resources allocated to it.
• 24% of treasurers still say that a “lack of executive sponsorship” has been one of the most difficult challenges to overcome in implementing or improving a working capital process.
• 50% said internal conflicts (e.g., differing objectives among treasury, procurement, and finance) have been the biggest hurdles in implementing effective cash optimization.

Whether your focus is unlocking working capital or increasing returns for excess cash, learn how to implement enterprise cash optimization.