Cash flow tips
Top tips for riding out the credit crunch
While most businesses can survive for short periods without profit, not being able to pay staff salaries or important suppliers can often signal the end of the company. And all too often, when cash flow slows down or funds dry up, there’s no one to turn to – even though the problem isn’t lack of business.
To make matters worse, the current credit crunch means that in all likelihood your own customers are trying to stretch their payment terms as far as they can, despite the Government’s commitment to ensuring small suppliers are paid as quickly as possible.
Hitachi Capital has put together a top cash flow tips guide on surviving cash flow problems in the current credit crunch environment.
Click here to request your free cash flow guide.
Top cash flow tip - Use a factoring service
By selling your invoices (accounts receivable) to a financial services/factoring company, you can get most of your cash as soon as the invoice is raised.
Find out more about factoring and invoice discounting by calling Freephone 0800 1105 005, or by completing the free quote form. |
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