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Working capital software - That'll 'e' the day.

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| April 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Financial Director)

Byline: Gary Flood.

You have lovely new offices, have invested millions in state-of-the-art IT and communications equipment, and you use a PR company where everyone has a double-barrelled surname and drives an Audi. But your credit control is handled by a lady called Mavis, who joined the company in 1971 and only works two days a week. What's wrong with this picture?

Up until recently, not a lot. "People quite like to stick a cheque they need to pay in the bottom drawer for a few days longer," says Adrian Stafford-Jones, founder and managing director of Albany Software, a UK firm that specialises in this area.

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