Turning inventory into cash: Understanding the payment cycle
Need credit to grow your business? The quicker you sell your product could make all the difference.
Did you know that the longer it takes you to collect the payment from selling your product could negatively impact your company’s creditworthiness?
Known as the cash conversion cycle (CCC), the time it takes to turn inventory into cash can directly affect your borrowing power.
Read this report by EDC Economics to learn more about this cycle and how it can help you manage your working capital more efficiently.