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picture News November, 21 2018
image: Cash is King – Working Capital Management Cash is King – Working Capital Management

At SCCE’s first focus Round Table Meeting March 7th, headlined Cash is King, Jaan Jakobson - Cash Manager at Sampo Pank, took the issue of Working Capital Management further as he presented and discussed the topic with SCCE members at Hotel Telegraaf in Tallinn.


- Implementing an active WCM culture in the organization offers beneficial opportunities for all businesses. It reduces the needs of external financing, increases the efficiency in the company’s processes, decreases risks and/or costs, and raises the readiness to react to changes on the market, said Jaan Jakobson.


- All companies can improve their use of its working capital, and all companies can gain, but a larger turnover gives a higher result nominally. The longer a company has grown without having actively dealt with working capital management, the larger is the potential for improvement and room for development.


- Working capital equals receivables minus payables plus inventory (raw materials, work in progress, manufactured goods). And, working capital management simply means that the organization, preferably a specially appointed person, or the auditor, a consultancy partner or the bank, works with the three key issues having a direct impact on the working capital; receivables, payables and inventory, continued Jaan.


The full report on Cash is King, the first focus Round Table Meeting, will be published in the coming March issue of focus.



On behalf of the SCCE Council, I would like to thank Jaan Jakobson and Sampo Pank for a very interesting presentation. My thanks also go to SCCE’s members around the table who all contributed to the discussions. And last but not least, many thanks to the team at Hotel Telegraaf who created a creative atmosphere in the cozy and elegant Symphony Lounge.





Kristiina Sikk

SCCE Ombudsman


read more:
· Cash is King

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