Nearly 70% of CFOs and finance managers at mid-sized companies report that cash flow is their top business concern, according to a survey from TD Bank. Many attributed their worries to uncertainties about accounts receivable and sales, while just 5% blamed the economy. Only 7% of respondents said they were planning to cut back on spending in 2011. They need a way to eliminate cash flow anxiety.
Cash flow is a valid concern. After all, we would all be out of business without cash. During these tough economic times anxiety may be rising so much that companies are afraid of making an investment in something that will actually save them money.
It may be difficult, but spending money on a new financial and business system such as Microsoft Dynamics NAV increases cash flow.
For further information, please refer to this article on eliminating cash flow anxiety with Microsoft Dynamics NAV.
