In these uncertain times there’s increasing evidence that many businesses are suffering from increased cashflow pressures. We open our latest Bulletin reviewing a new survey from Hitachi Capital Business Finance which reveals the impact poor cashflow is having on businesses.
Staying with the theme of cashflow, MarketInvoice the online invoice discounting platform, finds that too many businesses are relying on out-dated ways of managing and tracking cashflow. The knock-on effect is that firms are losing out on new business.
To wrap up this Bulletin, the current economic squeeze is prompting businesses to review costs with the aim of reducing overheads via securing more cost-effective deals. When was the last time you critically reviewed your cost base?