Monday, October 16, 2006
Making Money Move
Its amazing. The cost of late payments to companies. In a presentation called make money move . For me, one of the most amazing things about late payments is that because you might not be managing them tightly, you actually have to go out there and make more sales, which again, needs to be financed. It is a spiral. But how many companies that are not "professional credit management" companies, or who don't have a full time credit manager, actually sit down and work out the cost of late payments to their company?