SMEs in India take longer to pay, and they take longer to get paid. And SMEs are borrowing to pay for late payments. And on top of that they have to pay GST for any transactions. This cycle of bad payments is creating a lot of stress on companies.
RIABU’s Simon Littlewood and Mark Laudi talk about whether getting larger companies as customers is the better way to break out of this vicious cycle. But can they even choose their customers? Is the 45-day rule even effective, and do companies even invoke the law when relationships are at stake? Listen to find out how you can get a free coffee from Simon Littlewood!