Jason Busch covered this on Spend Matters yesterday. But for those of you who may have missed it, Drew Hofler expanded on the repercussions of the CIT collapse, its impact on business, and the WSJ’s suggested alternative finance options. In this clip, Drew goes into greater depth on collaborative (buyer/supplier) and asset-based cash flow options:
The take away is that there are options on the table that reduce risk, shorten DPOs and provide some much needed liquidity for companies in a challenging economic and credit climate. On a related note, my colleague James Tucker is presenting a webinar on finance KPIs and benchmarks (registration here). It should provide some good, concrete advice for companies looking to get a better handle on their finances.
Disclosure: No positions
Justin Fogarty is Managing Editor of Supply Excellence. For any questions or feedback on the blog or its contributors, Justin can be reached at jfogarty[at]ariba.com.