Estimated reading time: 7 minutes When E-Systems Corp. took over a struggling electronics contract manufacturer in 2014, the new owners inherited something most companies would envy: a backlog of orders worth almost $1 million. There was just one problem: E-Systems didn’t have the cash to buy the materials needed to fill them. As a newly […]
continue readingHow long can you wait for customer payments until your company starts feeling cash-strapped? You buy inventory, store it, sell it, pay your suppliers and then wait… and wait… and wait to collect on your invoices. Wish your customers would pay on time? Wish you had a faster cash cycle? Every business wants that process […]
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