Increase Seen in Fortune 500 Companies Turning to Accounts Receivables Firms in 2006

Burt & Associates (www.burtcollect.com) a premier provider of back office, accounts receivables and financial services announced its economic findings which indicate an expected increase in Fortune 500 companies and other businesses turning to accounts receivables firms as a way of increasing their profits in 2006.

Mr. Jerry Curtis, president and CEO of Burt & Associates, set the background and explained his company’s assessment, “Most, if not all, economic indicators predict that the U.S. economy will experience little to no growth in 2006. Normal growth could be expected between 4% ? 6%. However, most analysts agree that, for various reasons, the U.S. will grow by a dismal 2% this year. One cause that I can site for this lackluster performance is our out-of-control consumption and dependence of oil in this country. Consider that in the past two decades alone, oil output and consumption has risen dramatically from 55 million barrels a day to a staggering 80 million barrels.”

“This is one example why the U.S. will most likely feel economic pressure this year. Thus, today’s enterprises and small businesses are in a quandary. Where will they realize profits this year? In order for Fortune 500 companies to experience real growth, they will need to look at undiscovered or non-traditional sources of revenue.”

A quick survey of current, past and prospective clients confirm that most executives and business owners are aware of the slow economic climate predicted for 2006. Most if not all, demonstrate a level of concern for the economic health of their businesses. In addition, a vast majority may not be aware of all the financial or back office resources or options available to them.

Mr. Curtis pointed out that this is where back office and accounts receivables firms fill in the missing pieces to the economic puzzle. The alert or savvy executive or business owner “will make the needed business and financial plans now to buffer against a stale economy. We’ve experienced quite a few economic setbacks in 2005 ? skyrocketing gas prices, an unusually active hurricane season, the continuing wars in Afghanistan and the Middle East – we can’t take much more in 2006.”