Published:
Over 8 out of 10 of Singapore’s leading firms suffer from extremely poor cash flow visibility
Most firms have outdated reports.
An overwhelming majority of the country’s leading firms have extremely poor cash flow visibility, a Visa 2014 Cash Flow Visibility Index revealed.
The study showed that 81% of leading companies in Singapore do not have a 60-day cash flow visibility, while 41% do not have a 30-day visibility.
The study revealed that, in fact, 89% of leading companies in Singapore do not have access to analytic reports that provide real-time visibility.
Given the lack of the right processes, systems and tools, these companies require time to manually work on and generate cash flow and analysis reports. Hence, these reports may be at least 10 days old.
Read Here
Advertise
Sign Up
