Delaying payment to vendors can improve cash flow
George Cloutier, CEO of American Management Services, uses a case study of a small factory to illustrate why improving collections contributes to a healthier cash flow. In this case, the small company was paying vendors as soon as the bills came in but invoices for bills customers owed languished unpaid for months.
BusinessWeek | 10/27
This story published in NFIB SmartBrief on 10/28/2009
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