Large corporations are tightening the screws on their smaller counterparts as the credit crunch intensifies companies' efforts to hold on to their cash.
In an example of corporate Darwinism at work, the recent round of quarterly earnings results showed companies with annual revenue of more than $5 billion sped up their collection of cash from customers while slowing their own payments to suppliers....
See the complete article from the Wall Street Journal here. It's a fascinating read for anyone interested in AR, AP and working capital metrics and how they are being employed in the current economy.
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