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What will happen to SMEs when the Covid financial relief ends?

What will happen to SMEs when the Covid financial relief ends?

July 6, 2020

SMEs in many parts of the world have benefitted from government measures to help them survive - and in Malaysia that means SMEs have enjoyed a moratorium on loan until October.

But even as economies are slowly starting to recover as lockdowns are eased, the revenue shortfall will mean they won't have enough cashflow to repay loans once loan repayments fall due again.

RIABU's Simon Littlewood and Mark Laudi discuss the implications, and how you can survive.

How freelancers can get paid on time

How freelancers can get paid on time

July 2, 2020

Even famous novelists sometimes don't get paid on time! Just ask Balli Jaswal.

She is well known for her novels Inheritance, Sugarbread and Erotic Stories for Punjabi Widows, but even that didn't help getting paid on time for work commissioned by VOGUE India.

In this edition of the RIABU podcast, she describes what happened, and Simon Littlewood offers some guidance and advice for all freelancers to avoid a similar situation.

What to do if a customer is going broke

What to do if a customer is going broke

June 24, 2020

We have received an email from a member of the RIABU community, expressing grave concern their invoices to one of their customers will never be paid.

So, on this edition of the RIABU podcast, Simon Littlewood and Mark Laudi investigate what to do if the company you are supplying looks like it will not survive.

How can you stave off bankruptcy post Covid-19?

How can you stave off bankruptcy post Covid-19?

June 19, 2020

Research by Dun & Bradstreet has found a big surge in the number of bankruptcies reported in Singapore in Q1 2020.

Even before the big economic slump, brought about by Covid-19, there was a 70% surge in the number of companies declaring bankruptcy.

More than 5,000 companies have ceased or canceled registration, while another 238 went into liquidation in Q1 2020 alone. Applications for Bankruptcy recorded 1,278 in Q1 2020, up from 757 in Q1 2019 according to the Ministry of Law’s Insolvency Office. Article link here.

In this podcast, RIABU's Simon Littlewood and Mark Laudi discuss how to avert bankruptcy if you are staring down the abyss, and when bankruptcy might actually be a good idea.

Five2Thrive: Tea Talk with RIABU’s Simon Littlewood

Five2Thrive: Tea Talk with RIABU’s Simon Littlewood

June 12, 2020


"Chaos is a Ladder."

In turbulent times, some businesses thrive and grow. How do they do it, what can we learn?

RIABU's Simon J. Littlewood will conduct this virtual seminar with senior MBA students and Alumni at the Imperial Institute of Higher Education, Colombo.

Join this virtual seminar on June 15 at 6PM (IST) via Zoom.

Details below,
Topic: FIVE2THRIVE - Teatalk
Time: Jun 15, 2020 06:00 PM Mumbai, Kolkata, New Delhi

Zoom Meeting Link: https://lnkd.in/gmKGKXS
Meeting ID: 956 7999 6451

What happens when Covid support ends and deferred costs bite?

What happens when Covid support ends and deferred costs bite?

June 12, 2020

With the Covid-19 lockdown ending in many countries all around the world, businesses will not just be getting back to serving customers. They will also be asking themselves how to meet their deferred obligations.

Governments all around the world have provided huge support packages to tide business over the crisis. But in many cases, these just allowed businesses to defer expenses - not to avoid them altogether.

The chickens are going to come home to roost once these deferment periods end. Is your business ready for them?

RIABU's Simon Littlewood and Mark Laudi discuss what you can do to get ready.

It’s not funny: Ad agencies decry clients who pay their invoices late

It’s not funny: Ad agencies decry clients who pay their invoices late

June 3, 2020

An alliance of advertising industry associations has called out some of the world's largest firms for spending US$20 bln annually in Corporate Social Responsibility (CSR) programs, even as they pay their suppliers late.

VoxComm represents industry associations in Malaysia, Hong Kong, Europe, the US, Brazil, Mexico, Australia and others, and says "companies bully agencies into longer payment terms or just flagrantly flout contractual payment terms. The unintended consequences mean agencies in-turn struggle to meet payroll, often 75% of their costs. Then have to delay paying their freelancers and sub-contractors who have been hired to work directly for these clients".

For these sub-contractors, "Their fees are their salaries. It is what pays the rent and what puts food on the table."

Delaying payment was "directly at odds with [the companies'] avowed policy of CSR", VoxComm said. Full story here.

For Simon Littlewood and Mark Laudi, this is of course all too familiar.

In this podcast they discuss the issue and what you can do about it - and end with a rather unorthodox way of getting paid on time.

Email them at service@riabu.com

We have scored a huge Pledge2Pay supporter…but we can’t tell you who it is

We have scored a huge Pledge2Pay supporter…but we can’t tell you who it is

May 28, 2020

We are totally thrilled to have secured the support of a large European company for the Pledge2Pay. They wrote us an email stating that they would update their systems, and meet the pledge until the end of the year.

But in the same email, they said they didn't want publicity.

In this podcast, RIABU's Simon Littlewood and Mark Laudi dance around the identity of the company and explain what they are going to do with it. Reach us at service@riabu.com

Large US company forces 90 day payment terms on suppliers

Large US company forces 90 day payment terms on suppliers

May 26, 2020

Many companies are looking to shore up their cash holdings during these difficult economic times. But some very large companies are using the opportunity to change their payment terms, to the detriment of their suppliers.

One such company, which recently reported very healthy sales including during Covid-affected months, recently declared that it would only pay suppliers after 90 days. This at the same time that it boasted of large cash reserves, and redundancy in its supply chain.

In this podcast, RIABU's Simon Littlewood and Mark Laudi discuss what - if anything - suppliers can do about it.

You can also read our blog on this story here.

International Chamber of Commerce calls for SMEs to be supported, paid on time

International Chamber of Commerce calls for SMEs to be supported, paid on time

May 25, 2020

The Paris-based organization which represents millions of companies in more than 100 countries has recognized the critical importance of SMEs to the global economy and has listed ways that their larger customers can help them

RIABU’s Mark Laudi and Simon Littlewood discuss the announcement by the ICC which closely mirrors RIABU’s pledge2pay, already enthusiastically endorsed by the SICC and ASME in Singapore. 

Is this a good sign that the world is waking up to the need to preserve SMEs who (in Singapore) provide nearly 70% of jobs?  What are the implications?

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