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As many as 75% of UK organisations could prosper during the economic
downturn according to a poll carried-out by UK business management and
information systems provider, COA Solutions.
Managing Directors, Financial Directors, and Financial Controllers from 100 UK
public and private sector organisations completed the poll and 75% stated that
their businesses will prosper.
Mark Thompson, Managing Director of COA Solutions explained: "With so much talk
of the devastating impact the credit crunch is having on UK business, these
finding are encouraging, indicating that UK senior management have confidence
that their organisations will not only ride-out the credit crunch but will
profit from it."
Of the 25% of senior management who do not believe their organisations will
flourish during the downturn, the majority of these companies are not-for-profit
organisations, manufacturers and property developers.
"There is no denying that the credit crunch is being felt by businesses.
"But organisations can survive it and can even take advantage of it as long as
they have the right strategies, processes and systems in place. The bottom line
is that there is always money to be made, even in a credit crunch."
COA Solutions is hosting an Executive Briefing for senior finance professionals
on 18 September 2008 at the ICAEW in London, to help businesses profit from the
descending economy.
Using practical examples, well-known financier and venture capitalist, Jon
Moulton, will discuss the essentials of cash control, setting the right pace of
action and exploiting weak competition and suppliers.
Finance professionals can register
here
Source:
RedAlert
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