Question

Twenty divisions of Union Carbide, now part of Dow Chemical, sell to thousands of customers in more than 50 countries throughout the world. The proceeds are received in the form of drafts, checks, and letters of credit. Controlling the flow of funds from each transaction is an extremely complex task. Union Carbide wants to reduce the collection float to improve its cash flow.
What are some techniques that might help achieve this objective?



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  • CreatedJune 27, 2014
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