A strong cash position is crucial at the best of times; during a recession it's more crucial than ever. It's access to cash, more than anything else, that will give you the flexibility to achieve your aims. IT is relevant in three ways: as the means to discover and understand the assets you have; as a source of assets that can be freed; and as a way to manage your cash and assets more closely and effectively.

There's no doubt that everyone is looking to put pressure on payment terms where they can — including your customers. So there's no better time to improve your ability to bill accurately, analyze customer payment patterns, collect debt and cut down debtor days. Not only is getting paid quickly important, but so is being confident of the identity of the payor. CSC's web-based ComplyID provides automatic detection and resolution of potential identity fraud attempts. It is designed to enhance protection, decrease losses and satisfy the demands of section 315 and 114 of the Fair and Accurate Credit Transaction Act of 2003.

Similarly, CSC helped a UK utility, serving 2.6 million properties, to deploy an improved debt management system which is fully integrated with its SAP system. The system is forecast to improve revenue collection by approximately £1.3m in 2009. A debt management project of this type can be scoped out in just weeks, a solution could be implemented within as little as nine months, and a return on investment seen within a year. Learn more about our solutions and services.