Drastic Measures Helped Wallace Carlson Printing Return to Profitability
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Next, they aggressively renegotiated leases to longer terms, which freed up cash flow. The result was cash they could use to pay invoices more quickly. “We began working with vendors as close to cash as possible,” Turbeville said. “Instead of 30 to 90 day terms, we turned invoices around in 15 days or less, which brought us additional discounts. Plus we could watch closely for any unforeseen up-charges and get back to the negotiated price.”
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