Receivables Forecasting: Expert Answers

Given today’s economic pressures, is it getting harder to forecast receivables? - The IOFM Advisory Panel responds: "We have seen a significant increase in requests to approve extended terms and letters from customers stating that they are unilaterally increasing their payment terms across the board. With the increase in interest rates, companies are more and more looking for creative ways to finance their operations and this is one of the ‘go-to’ methods. Cash forecasting should account for…