How winners optimized working capital and payments

Insight

Date: Wednesday, May 11, 2022

Weather: 2:00 p.m. ET | 11:00 a.m. PT

Cost: Free

[Also available for free, on-demand viewing for all registrants starting on 5/12/2022]

Credits: Waiting for validation up to 1.2 CTP Recertification Credits by the Association of Financial Professionals

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The last two years have been particularly difficult for the management of companies’ working capital. Liquidity has been tight for businesses around the world, across all sectors. At the same time, supply chain disruptions have created hurdles for many companies even to get an adequate supply of products to market. The intersection of supplier relationship management and liquidity optimization has never been more critical to business survival. That’s why Treasury & Risk is pleased to recognize three outstanding projects at this year’s Alexander Hamilton Awards in the Working Capital & Payments category.

A Boston Scientific project designed to optimize working capital found that the company’s payment terms were significantly shorter than those of comparable companies and were inconsistent even within the organization. The company launched an extensive initiative to standardize supplier payment terms, implement a supply chain finance program, then fine-tune the program and educate suppliers in a targeted manner to maximize benefits from the program.

Atlanta-based automotive and industrial parts supplier Genuine Parts Company has responded to the economic uncertainty created by COVID-19 by revamping its approach to both corporate borrowing and supply chain financing. As a result, the company gained $800 million in additional cash, issued its first public debt and improved its cash conversion cycle by 58%.

Hewlett Packard Enterprise (HPE) has also responded to COVID-19 by significantly improving working capital management. When the pandemic led to a global shortage of chips, the company launched the HPE Dynamic Supplier Funding Program to provide suppliers with reliable access to cash while accelerating the receipt of payments for approved invoices. Through supply chain finance, HPE has not only optimized short-term cash returns, but also improved funding flexibility during times of economic uncertainty.

Join this webcast to learn more about how each of these organizations bolstered their working capital in times of crisis. You will be:

• Celebrate Boston Scientific, GPC, and HPE as winners of the 2022 Alexander Hamilton Awards in Working Capital and Payments.
• Learn how these companies leveraged supply chain financing and other strategies to boost working capital management in a time of funding uncertainty and supply chain stress.
• Learn tactics to maximize the benefits of initiatives designed to improve working capital and payments.

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Featured Speakers (TBD)