slow paying customers

With every business's survival depending on the ability of its customers to pay its invoices, without a sufficient credit management policy in place, success can be jeopardised.

According to a survey by the Credit Management Research Centre, which is a member of the BPPG, only 38% of companies withhold supplies from slow-paying customers, and on average those only begin to do so 33 days after the due date. Knowing how to react at each stage of a customer's business failure and insolvency enables a supplier to handle the business relationship carefully and avoid detrimental effects on its cash flow.

More info: http://www.payontime.co.uk