Three out of four businesses are more worried about the increase in the amount of time debtors are taking to pay money owed than getting credit from banks, a new survey shows.
The survey was commissioned by BusinessPro, which publishes Stubbs Gazette.
The research was published ahead of the National Credit Management Roadshow due to take place from April to June - which will highlight the potential risks faced by businesses due to lax credit management arrangements.
The roadshow was developed in response to the growing number of small and medium sized enterprises which are struggling to collect millions of euro owed to them. It will deliver expert advice to both large and small businesses on 'best practice' credit management.
It will help some 70,000 small businesses to develop tools and solutions which can get much needed cash flowing again.
'The reality is, that as a nation we have been living beyond our means and it is apparent that from the highest level of Irish business down to our financial finances, good practice in credit management has not been used for a very long while,' commented Declan Flood, CEO of the IICM.
