Cash May Be King, But Many Companies Seen Failing to Build a 'Cash Culture'

Atlanta — February 8, 2010 — The global financial crisis has made cash a major priority for most companies, but many are still failing to take the key steps required to build a corporate culture that successfully focuses on cash, according to a new study from REL, a division of The Hackett Group.

REL's research "Blueprint for a Cash Culture" details the key steps companies can take to build a cash culture and how prevalent they are in companies today. It details best practices in four key areas: organizational alignment and collaboration; executive leadership and sponsorship; measurement and accountability; and incentives and compensation.