It has become very apparent that BOI and AIB in particular are open for, and are looking for business. Now is a good time for businesses to consider their funding requirements for the future as well as reviewing the current facilities that they have with their bank. Companies should also implement a strategy for dealing with their bank, and invest the time in developing a productive relationship with their Account Manager.
All posts by: Milo Molloy
Cash is the life-blood of businesses and yet it is sometimes viewed as being an unpleasant activity which is undertaken by the Accounts Department. Sometimes the perception is: Sales guys are there to sell and the Accounts guys are there to call the customer to get paid !!
In order to be effective, there needs to be clear policies and procedures in place so that Sales, Customer Services and Finance departments of the company work together to ensure that customers pay promptly.
In recent months there has been a noticeable pickup in employment “moves” – ie employees who have been employed under job-bridge programs, or employees employed under temporary contracts being offered permanent positions. Likewise, employees who stayed in positions during the downturn that they would not otherwise have stayed in, are now looking for positions that they feel will be more satisfactory for their career aspirations.