As a supplier during economic challenging times, there’s one thing that’s worse than seeing your amount of work reduce – and that’s not being paid for work you’ve already completed. Large businesses, smaller firms and single contractors all innovate to speculate; they use the cash they earn to create new opportunities. Late payments create cash … Read more
Attending the unsuccessful results through the Spanish Law 3/2004, of December 29th, where measures were established against late payments in commercial transactions, new changes have been introduced in order to establish a Maximum Period for payment in these commercial transactions between companies or even with the Public Administration. With these changes introduced by Law 15/2010, … Read more
It is unfortunate that UK Limited companies are struggling even more due to late payment of invoices for work which they have completed. It is a practice which has been going on for many years but only in recent years has it exploded into acceptable commercial practice. It is used to fund cash flow for … Read more
A healthy business will always have a timely turnaround of accounts and a steady cash flow. The accounts receivable area of any company is arguably the hub of the ongoing operations. Getting customers to pay on time may not always go as smoothly as you would expect. There are various techniques available to ensure prompt … Read more
Getting any type of business financing has been incredibly challenging for business owners. One of the market segments that has been most affected by this are middle sized companies. Although bigger than their small company counterparts, they are usually not big enough to qualify for the business financing options that are available to larger companies. … Read more