Banking on your own business (TT JulAug04 p26-28)

According to a 2002 report by Killen & Associates, a company with $1bn in revenues can waste as much as $32m a year through inefficient working capital and processing functions. It is not surprising, therefore, that firms are increasingly focusing on reducing idle cash and rationalising processes, with many adopting payment factories and in-house banks to achieve just that.