For any company, successfully managing working capital is vital to staying in business: vendors have to be paid, payroll has to be met, and the lights have to stay on. The good news is that there are copious options to help enterprises make the most of their liquidity. The bad news is that there are copious options to help enterprises make the most of their liquidity.
Sure that sounds contradictory, but the landscape for solutions can be overwhelming:
- Strategic procurement technologies,
- Standalone purchasing solutions,
- Accounts payable automation,
- Working capital solutions,
- Treasury management,
And their subsequent, often overlapping subsegments.
Forget getting to a solution; where do you start?
To help, we commissioned Global Business Intelligence (GBI) to help sort it all out. In their Buyers Guide to Working Capital Platforms, they explore the various solution types that make up the working capital management landscape and the pros and cons of each solution area. Beyond that, they explore the competitive market and compare the various players providing solutions across the myriad solution types.
We think the document can be valuable to your business no matter where you are in your journey to make the most of your working capital – from getting started to making the final decision.