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He knows he is not alone in the daily quest for receivables — money due his company.
It's not uncommon to see annual percentage rates of more than 25 percent for receivables financing and more than 50 percent for purchase-order financing.
The much lower than expected anticipated quarterly results include approximately $81 million in writedowns and provisions for receivables the company no longer expects to collect.
CFO Europe's cover story investigates the state of working-capital management, based on a new ranking of Europe's 1,000 largest listed companies.Overall, working-capital performance deteriorated, due to worsening trends for receivables and inventories.
Things like waiting for receivables and paying vendors late are critical to your cash flow, so understand how the assumptions work, and why".
As for receivables: If you are growing because you are playing banker to your customers, your banker won't be your banker much longer.
Similar(46)
Bad-debt provisions accounted for 14% of receivables in fiscal 1997, up slightly from last year's 13%.
Its U.S. credit cards now account for 50% of receivables, down from 65% two years ago.
Instead of being paid for the receivables upfront, WorldCom will have to wait for those customers to pay their bills, which could take up to three months.
Currently launched in Finland but with plans to expand to the U.K. at the start of next year, Arex — which stands for 'Account Receivables Exchange' — is setting out to offer another way for "cash-squeezed SMBs" to access short-term finance.
National Century gave health care providers cash for their receivables and packaged the income stream into notes it sold to investors.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com