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Customers who pay late are a problem for virtually every company. RIABU’s Simon Littlewood and Mark Laudi discuss what you can do to be first in line to get paid. Credible, authoritative, authentic. This podcast is all about VALUE.
Episodes
Monday Nov 18, 2019
Monday Nov 18, 2019
We are exploring reverse factoring in this week’s podcast.
Reverse factoring involves the customer extending credit to the supplier. So the customer pays up straight away, minus a certain margin. Although it is one way for SMEs to get their customers to pay on time, it asks the question of whether the smaller company should even enter a relationship with such an imbalance of power.
RIABU’s Simon Littlewood and Mark Laudi talk about why some companies agree to accept a discount for on-time payment, and how to avoid giving discounts in the future.