Businesses are often stuck between debtors who won’t pay on time and creditors who won’t wait. In between, a businessperson often ends up offering higher discounts to their debtors for early clearing of receivables or buying at higher prices from its creditors who may offer a longer credit period to settle the bills. If you are a businessperson, you might have already experienced how essential it is to manage working capital and review it periodically. Many studies suggest that poor management of working capital was most often the reason behind the failure of businesses.
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