It’s an important question. Research by PwC has shown that you could save up to 10% of your turnover by optimising your working capital. Optimum working capital management is therefore crucial, because the resources that you free up as a result can be used more profitably.
Is your working capital still completely fit for purpose?
How can you optimise your working capital?
KBC will help you optimise your working capital by taking action along three axes: paying suppliers, collecting from your customers and optimising your inventory management.
Paying your suppliers
Your suppliers have to be paid. But the longer your supplier credit is, the more working capital you can use for other things. KBC offers solutions for making and receiving payments, geared to your business. We will also advise you on how you can extend the supplier credit without asking your suppliers for payment deferral.
Collecting from your customers
The faster your customers pay, the better for your working capital. KBC works with you to find ways of collecting your money faster and thus accelerating your cash conversion cycle.
Your inventory management
It is also important to manage your stock as efficiently as possible in order to optimise your working capital. KBC will be happy to give you guidelines geared to your business.
Optimising working capital demands in-depth analysis
At KBC, optimising your working capital means that we first perform in-depth analyses, taking into account business and sector-specific aspects. Together with other experts, your KBC relationship manager will brainstorm about the best solutions for your business. We will discuss the proposals with you thoroughly. They offer an excellent basis for a long-term relationship.
Your KBC relationship manager is your partner, with a network of experts at home and abroad. He or she is on hand to optimise the working capital of your business.