With the current credit crisis and economic downturn, finance departments of most companies, regardless of size, are preoccupied with “cash in, cash out”. Being caught in a tug-of-war between accounts receivable and payable, between customers and vendors, creates increased difficulty in preserving trade credit – the largest source of capital for small and medium businesses in the U.S. and the world. Trade credit in the U.S. exceeded bank credit by almost 20% in 2007. Read More