Situation 01
Cash is tied up longer than it should be.
The problem
Orders turn into cash slowly because terms, invoicing and collections are owned by different teams.
Why it matters
Each extra ten days of receivables on $100M of revenue ties up about $2.7M — cash that growth then has to borrow.
Receivables days drift up every quarter
Growth needs more working capital, not less
Nobody owns the order-to-cash number

