The increased use of accounts receivable (AR) finance by SMEs in the EU’s four biggest economies -Germany, France, the UK, and Italy - could provide the additional funding and working capital finance to facilitate the creation of almost one million new jobs by 2020, according to a econometric report commissioned by GE Capital.
The increased flexibility and improved cash flow benefits offered by AR finance could also provide a much needed boost to the four economies, boosting German and French GDP by 2.90% and 2.79% respectively. Italy could see the biggest growth from increased AR, with Italian GDP potentially growing by 3.57%, or €12.17 billion a quarter by Q4 2020. "Optimal” uptake of AR across these four markets could add €52.9 billion per quarter to GDP across the four economies.
to Daily News