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<a href="http://www.accessmylibrary.com/coms2/summary_0286-28904824_ITM" title="Facts and information about Lengthening DSO in UK.(front page)(Brief article)">Lengthening DSO in UK.(front page)(Brief article)</a>
Lengthening DSO in UK.(front page)(Brief article)
Business Credit
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October 01, 2006 |
COPYRIGHT 2006 National Association of Credit Management. 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
Coface UK urged British businesses to improve their credit management procedures in the face of lengthening credit periods, following a web poll by the Better Payment Practice Group which found that three-quarters of UK companies believe DSO is increasing. Businesses in the UK and elsewhere can cope with this trend by managing the additional risk involved through improved credit management procedures such as credit vetting new clients before taking them on, and tightening up collections processes. Access to additional funding is also important to maintain cash flow while waiting for payment. Receivables finance lends itself well to companies who wish to offer longer credit periods because it releases the cash tied up in their ...
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Source: HighBeam Research, Lengthening DSO in UK.(front page)(Brief article)