Three-quarters of multinationals lack confidence in their own cash-flow forecasting, according to research by REL Consulting Group, a business consultancy.
The main cause, according to over 60% of respondents, is the lack of system integration across the business units. And more than half complain that the poor quality of internal communications is another cause for concern.
Collection processes are also to blame, as half of the treasury respondents say poor sales projections and collection techniques meant that cash collection from customers was causing further stress.
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