Minimize risks associated with non-payments
Solving this challenge is key. Several high-profile bankruptcies are making the news, particularly in the retail industry as companies struggle to keep pace with the reality of customers that do not pay their invoices. Just this year, notable names like the Sports Authority, Eastern Mountain Sports and The Limited all made news with their official bankruptcy filings. But even growing companies are not exempt from the risk; paradoxically, rapidlygrowing businesses are often more susceptible to bankruptcy. If their cash flow isn’t tightly managed, their expenses can accelerate faster than their accounts receivable (A/R) are paid.
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