REL: Reuters, "Corporate America Taking Longer to Collect: Study"
September 25 2008 - 3:18PM
Marketwired
Corporate America is having the hardest time getting its customers
to pay their bills since the last U.S. recession in 2001, according
to a new study from consultancy REL (NASDAQ: HCKT) and CFO
Magazine. The 1,000 largest U.S. public companies in 2007 took 41
days on average to collect payments from their customers, up from
39.7 days a year earlier and 39.2 days in 2001, the study found.
Click Here to Link to Full Text of Article:
http://www.reuters.com/article/reutersEdge/idUSN2745047620080827
The research described in this article is also available for
download, with registration, at:
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.
Contact: Gary Baker Communications Director (610) 234-5900 Email
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