Strategies for Navigating Elevated Interest Rates
Your Virtual Credit Manager
APRIL 9, 2024
There has always been a strong correlation between the cost of funds and accounts receivable (AR) management. As interest rates increase, the cost of borrowing money also increases for businesses. Any delays in receiving payments from customers can, therefore, have a more pronounced effect on a company's bottom line profits. The impact of slow payments on profits becomes more significant because of the heightened cost of financing, increased opportunity cost of funds, cash flow constraints, disr
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