As a global manufacturer with a diverse product portfolio, Hillenbrand needed to improve working capital quickly by increasing DPO (days payable outstanding). In this short video, Sander Bitter, Hillenbrand’s Director of Treasury, discusses the benefits of its PrimeRevenue-led supply chain finance program including:
- How PrimeRevenue helped the company exceed its free cash flow goal of $40 million and improve its working capital position
- The positive impact on the company’s relationships with key strategic suppliers and the expansion of the program from US to EMEA
- How strong finance and purchasing team alignment increased the effectiveness of its supply chain finance program.