Europe's biggest companies are paying their suppliers more slowly, bringing the average pay period to over 45 days, a new report shows. Brian Shanahan from REL provides an overview of the findings of it joint study with CFO Europe Magazine in a conversation with CNBC Power Lunch Europe Anchor Louisa Bojesen. Click Here to Link to Full Text of Article or visit the following URL: http://www.cnbc.com/id/15840232?video=781329057&play=1 An overview of the research findings and the full survey breakdown of results are also available from REL (with registration) at the following URL: http://www.relconsultancy.com/workingcapital. About REL REL, a division of The Hackett Group, Inc. (NASDAQ: HCKT), is a world-leading consulting firm dedicated to delivering sustainable cash flow improvement from working capital and across business operations. REL�s tailored solutions balance client trade-offs between working capital, operating costs, service performance and risk. REL�s expertise has helped clients free up billions of dollars in cash, creating the financial freedom to fund acquisitions, product development, debt reduction and share buy-back programs. In-depth process expertise, analytical rigor and collaborative client relationships enable REL to deliver an exceptional return on investment in a short timeframe. REL has delivered work in over 60 countries for Fortune 500 and global Fortune 500 companies. More information on REL is available: by phone at (770) 225-7300; by e-mail at info@relconsultancy.com; or on the Web at www.relconsultancy.com.
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