European companies are closing in on their US rivals in terms of working capital performance, according to new research from REL. The latest research shows that the top 1,000 European companies reduced Days Working Capital (DWC) by 8.5%, while a similar group of US companies only showed a 2% improvement. http://www.financeweek.co.uk/cgi-bin/ item.cgi?id=5289&d=pnd&h=pndh&f=pndf Click Here to Link to Full Text of Article or visit the following URL: http://www.financeweek.co.uk/cgi-bin/ item.cgi?id=5289&d=pnd&h=pndh&f=pndf A detailed REL analysis of the survey findings is also available online at: www.relconsultancy.com/twcEU About REL REL, a division of The Hackett Group (NASDAQ:ANSR), is a global 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. Long URLs in this release may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.
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