Time To Reassess Accounts Receivable?

As the recent credit crisis in the financial markets starts to affect business credit, the coming year looks set to be one in which the thoughts of finance directors and chief financial officers turn to improving their cash and working capital management. Many pundits have claimed that European business fundamentals are sound, and that the liquidity crisis is likely to prove one that only affects players in the capital markets. While the point about business performance is valid, to pretend that the freezing temperatures in the financial markets will not induce a few sneezes in business would be naïve.