RIABU - Tips and tools for getting paid on time by your customers

Rising level of corporate debt a risk to global economy

Economists warn that rising levels of corporate debt are an impediment on business, as companies scramble to refinance their borrowing.

The lack of readily available low-interest cash spells trouble for working capital and receivables, as suppliers reduce payment terms and put pressure on collections.

What does this mean for your business, should you be worried?

Listen to the podcast as RIABU experts, Simon Littlewood and Mark Laudi discuss how you can reduce receivables to boost cash flow and avoid having to borrow.

No PO, no pay, no work?

You’ve signed the contract with your customer, but you do not have a Purchase Order. Should you go ahead and deliver your product or service anyway?

Many companies have a "no Purchase Order, no pay" policy, so consequently you should have a "no Purchase Order, no work" policy.

Easier said than done.

RIABU's Simon Littlewood and Mark Laudi discuss how to keep your customer happy AND get paid on time.

How to stop your clients delaying your payments until after Chinese New Year

Whenever you approach a long weekend it gives your customers an opportunity to delay payment.

For example, if your invoice was due yesterday (Jan 31), which fell on a Thursday this year, the customer can very easily delay by one day until the weekend.

But because Monday is a half-day, and Tuesday and Wednesday are the Chinese New Year public holidays, they can easily and legitimately claim their payment to you was "caught in the system" over the holiday period.

And hey presto, they've eked out another week of credit!

How do you take such an excuse from them and get paid before the long weekend?

Listen to Simon Littlewood explain what you can do about it.

And here is the "How to get your invoices paid on time, every time" course on Udemy he mentions at the end.