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22 Jul 2008
A whole host of news stories are appearing in the national press about large companies bullying their suppliers by extending payment terms......in some cases beyond 100 days. According to the Federation of Small Businesses, this " outrageous" practice is really putting a big cash flow strain on its members, at a time when they can ill afford it. This lack of corporate social conscience amongst our largest organisations has been festering for the last couple of years, but the problem has undoubtedly escalated since the credit crunch began.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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