ANSR Hackett Grp., Inc.(The) (MM)

Business is all about cash, where it comes from and where it goes. If we did not know that already, private equity firms remind us daily, with their aggressive manipulation of cashflow. Nothing excites a partner at KKR quite like a slumbering business with a warehouse full of boxes and a back office full of clerks toying with invoices. Putting the squeeze on working capital � emptying the warehouse, chasing debtors, slowing payments to creditors � is grist to their mill. However, culture also plays a big role in business and so does globalisation. These tend to get in the way of simple cash management principles. A survey conducted by REL, a cash management consultancy, and CFO magazine reveals striking differences between the working capital performance of companies in the United States and Europe. Click Here to Link to Full Text of Article or visit the following URL: http://business.timesonline.co.uk/tol/business/columnists/ article1990918.ece (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) About REL REL, an Answerthink company (NASDAQ: ANSR), is a world leading consulting firm dedicated to delivering sustainable cash flow improvement across business operations. REL�s tailored solutions generate cash flow for strategic use while balancing client trade-offs between working capital, operating costs and service performance. For over 30 years, REL�s expertise has helped clients in over 60 countries free up billions of dollars/euros/pounds in cash, creating the financial freedom to fund acquisitions, pension liabilities, 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 period. Through its affiliation with The Hackett Group, REL leverages Hackett�s empirical insights into the operations of world-class organizations. The combined client list of REL and Hackett represents 73% of the Fortune 100, 77% of the DAX 30 and 51% of the FTSE 100. 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.