  |
 |
| Credit Management Advice | Legislation & Interest Calculator | Ask a Question | Sign up to the Code | Benefits of Paying on Time | News | Site map | Search | |
Keep up to date with the campaign
| News > Press releases > Businesses think that credit terms are getting longer |
| PRESS RELEASE 8th August 2006 |
| Businesses think that credit terms are getting longer The respondents, who range from micro businesses with 1 to 9 employees to businesses with over 250 employees, came from different sectors of business. The results though were similar showing that the trend is throughout all businesses regardless of size. Philip King, member of the BPPG and Director General of the Institute of Credit Management, commented: "The figures suggest that businesses are seeing longer credit terms as a legitimate way to extend payment. They can manage their cash flow better by keeping money in their bank for longer. "It is also a sign that businesses increasingly recognise the role that professional credit management can play in the negotiation of credit terms that could benefit both parties and ensures the prompt collection of cash when it is due." You can keep up to date with the Better Payment Practice Campaign by sending us an email |
