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In the last 6 months my client base has risen beyond compare, within the Fashion Manufacturing industry. Although I certainly should not complain, I do wish to assist! There are many reasons that I have found that Manufacturers suddenly need assistance with past due accounts, as never before, but I wish to concentrate on the biggest reason. Credit Risk management. Although the designers are creative, and the manufacturers are productive, a company's receivables account for almost 40% of their assets. So can someone explain to my WHY the industry is extending credit to every Bob, Bill and Bart that comes along and waiting until their doors are closed to seek my assistance? Please take a moment to read my blogs regarding this pressing matter. If you wish to reduce your DSO, increase your cash flow, and improve your credit risk process at NO upfront cost, I can help. Call me. But if you would like to start making internal changes NOW, read my blog. I wish you all a fashionably beautiful day!

Tags: CFO, accounting, accounts, business, collections, credit, due, executives, management, manager, More…past, payable, process, receivables, risk

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