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

The impact of "No Deal” Brexit on working capital

Brexit poses a significant risk to working capital and cash flow.

The lack of experienced export administrators and new export regulations mean there are implications for getting your invoices paid on time, if you are conducting business in Europe.


In this podcast, Riabu's Simon Littlewood and Mark Laudi discuss how to mitigate and address the payment challenges ahead of such uncertainty.

Article: Working Capital Impacts of “No Deal” Brexit

Fintechs: they know all about disruption, and nothing about cash flow

If you're a fintech start-up, this podcast is for you.

Digitalisation has led to unprecedented opportunities for you, as you disrupt the financial services landscape.

But the age old "old economy" problem of managing working capital and cash flow threatens your company’s sustainability.


Listen to Riabu experts, Simon Littlewood and Mark Laudi discuss what you must do to manage your financial resources from the start.

When you don't get paid on time, it's YOUR fault

You have delivered your product or service, and your customer’s needs have been met. Yet you are wondering why they won’t settle your invoice on time. We'd hate to break it to you, but chances are it's YOUR fault.

Failing to implement and practice preemptive invoice measures are one of the crucial yet under-identified reason for late customer payments. Then how do you set the junctions right to get paid on time?

Listen to Riabu experts, Simon Littlewood and Mark Laudi discuss how to deal with late invoice payment and getting your invoice right from the beginning. Additionally, you can supplement your practice with our online course that can solve your collections situation.

Link to course: How to get your invoices paid on time, every time

Pay slow, collect fast

Late payment remains a significant challenge for businesses, but let's be honest: do you also delay paying your suppliers while ensuring that you get paid on time by your own customers?

Isn't that what they teach in MBA class, to pay as late as possible and try to get paid as quickly as possible?

Listen to the podcast as Riabu experts, Mark Laudi and Simon Littlewood share their perspective on this.

Yes, you CAN do something about your receivables

Late payment of invoices has always been a perpetual problem, and if you're like most companies, you probably think you can't do anything about it. 

 

But you can - without borrowing money or factoring your invoices. And you definitely don't have to make those acrimonious phone calls or send legal letters chasing your customers for payment. 

 

Our RIABU experts Mark Laudi and Simon Littlewood discuss how you can significantly improve collections by leveraging and making better use of the resources and redesigning in-house processes that are readily available for any organization.

The first mistake in trying to get your invoices paid on time is to hand it over to finance and the accountant

You might think invoicing and collections are solely the finance department’s responsibility, often pushing the obligation to them to address late invoice payments.

 

But one of the common reasons for delayed payment is the lack of clarity in communicating the payment terms to the customer from the beginning, which does not involve the finance department.

 

In this episode, RIABU experts Simon Littlewood and Mark Laudi debunk that misconception explaining the process on how collections work, why it is not just the responsibility of the finance department and that it is fundamental for stakeholders to get involved in the act to ensure their company gets 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.

Part 7/7: Is it possible to have a solution for late payments that did not involve borrowing money?

The power of change lies with you, it is something that you could have done differently. RIABU believes that you should get paid on time.

To find out more about the solution: Hear the full podcast.

Part 6/7: “We would be willing to share our details about our Accounts Receivable if it means we can get our customers to pay on time”.

In this podcast, we talked about communication, data and education. The three most important key points for RIABU.

To find out more: Hear the full podcast.

Part 5/7: Is RIABU an invoice exchange or a FINTECH lending money?

In this episode, Simon Littlewood explains further on RIABU and what makes us different. 

RIABU is about fairness, we make sure you are first in line to get paid everytime.

To find out more: Hear the full podcast.