You turn to Accordion.
We partner with your team to conduct a working capital diagnostic (focused on accounts receivable and accounts payable). To do this, we:
- Conduct a value assessment and root cause diagnostic:
- Identifying $5-$9M in working capital enhancements for receivables/payables.
- Conducting process reviews, data analytics, root cause analyses, and more to evaluate operational and strategic levers driving working capital performance.
- Formulating and securing approval for a strategic plan with 10+ initiatives to improve working capital and customer/supplier value.
- Manage and track the working capital project:
- Setting up governance and creating Initiative Charters and workshops for program alignment and accountability.
- Managing project plans via Smartsheet, conducting weekly reviews, and tracking KPIs to gauge target achievement.
Your value is enhanced.
You unlock $6M of working capital over a 3-month period, with a clear path to achieving $3M more over the next 6 months (which falls on the high end of opportunity range). You also now have the program support needed to implement further cash flow increase initiatives.