Big Fat Finance Blog

About This Blog Updated daily by members of the Business Finance Expert Network, The Big Fat Finance Blog is intended to arm finance professionals with innovative ideas and best practices that help finance organizations create value.

Businesses Continue to Stretch Payments

If it seems like your customers remain a bit laggard when it comes to paying their bills, you’re not alone. The July 2010 Business Benchmark Report from Experian, the most recent available, reveals a slight jump in payment times, as well as an increase in the average amount delinquent.


In fact, several measures examined in the study deteriorated over the past six months. For starters, the national average days-beyond-terms crept up from 6.3 in February to 6.5 in July. Along those lines, the average percent of dollars delinquent rose from 12.2 to 12.7 percent over the same time period. And, the percent of funds more than three months overdue rose by an even greater margin, from 5.3 to 5.8 percent between February and July. more

M&A Chat: Why Did IBM Buy OpenPages?

While OpenPages Vice President Gordon Burnes was responding to questions I sent him regarding noteworthy regulatory changes, his company experienced a noteworthy ownership change: Last week, IBM announced plans to acquire the privately held risk management software firm.

I asked Burnes for a quick briefing on the acquisition before he finished responding to my Dodd-Frank questions (which I will post later this week).

Eric Krell: Why IBM? more

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