Aceva Technologies Inc., a developer of working capital management solutions for global enterprises, has increased use of Six Sigma methods by its enterprise clients seeking to improve financial process work flow to optimize working capital management.

To document its work, the company has released an executive research paper chronicling the effort, "Six Sigma Methodologies to Optimize Working Capital Management." The paper notes that as a strategy for securing business process improvement, Six Sigma has been proven to free up working capital for strategic investments. Six Sigma creates clear and measurable deliverables and produces high rates of process improvement in quote-to-cash, vendor manage inventory, procure-to-pay and working capital life cycles.

"Forward-thinking financial executives view the management of working capital performance as a critical measure of overall operational soundness," explains Allen Silberman, partner at Quote-to-Cash Process Consulting and past global credit director at Honeywell Corp. "Aceva has demonstrated an impressive level of leadership by enabling companies to examine the quality of all processes in the financial supply chain. This examination involves many disparate systems and processes including pricing and terms policies, order accuracy, product delivery and returns, billing, credit and collections."

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