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Article: A new dawn: the changing roles of credit departments and the promises of technological solutions.(International feature)
- Article from:
- Business Credit
- Article date:
- April 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Projections for a financial bounce back have retreated from the estimates given at the beginning of the year. More and more, the middle to the latter half of 2009 is forecast as the budding of recovery. But, as the last year and a half has been marred by ever steepening declines, the condition of the global economy has forced the reshaping and flattening of corporate structure.
As already witnessed, credit departments have been far from escaping unscathed. Headcounts are being reduced as the credit function is being streamlined and is more frequently seeing the order-to-cash cycle nestled with it under a single umbrella. That's not far from a sensible tactic, ...
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