finance article No.8602
Credit Crunch Cash Flow Tips
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While most businesses can survive for short periods without profit, not being able to pay staff salaries or important suppliers can often signal the end of the company. And all too often, when cashflow slows down or funds dry up, there's no one to turn to – even though the problem isn't lack of business. To make matters worse, the current credit crunch means that in all likelihood your own customers are trying to stretch their payment terms as far as they can, despite the Government's commitment to ensuring small suppliers are paid as quickly as possible. Hitachi Capital Invoice Finance have produced a cash flow guide to help businesses ride out the credit crunch and ensure they are financially fit for the New Year. The seven point guide will help your company to have effective cash flow, so you will be able to beat the recession and ensure you are in brilliant shape to capitalise when the economy picks up. Cash is the lifeblood of all business and is the key to survival and growth. In these challenging times it's often used as a key indicator of the health of a business. Many businesses can survive for short periods without profit or sales, but not being able to pay staff salaries or important suppliers can often signal the end of the business. The downloadable guide includes advice on producing a cash flow forecast, the benefits of using a factoring company, requesting extensions for credit terms and more. Steve Smith, Divisional Managing Director, Hitachi Capital Invoice Finance said: "The New Year is often a challenging time for businesses. This year it is more important than ever to ensure that companies are fit and ready to face the challenges that this year will throw at them. Our simple guide is designed to take the hassle out of cash flow, so people can spend time on more productive issues. To download your cash flow guide visit
http://www.hitachicapital.co.uk/invoicefinance
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