Dealing with late payment
Posted by BusinessZone in Finances on Wed, 06/08/2008 - 09:51
The credit crunch is already putting the squeeze on small businesses so the last thing you want to deal with is late payments. But how do you maintain a healthy cash flow? Louise Druce investigates.
It was a landmark victory for small business MTa International when it forced pharmaceutical giant Alliance Boots' to backtrack on plans to force suppliers to accept to increased payment terms from 30 to 75 days and a 2.5% 'settlement discount' for paying within the extended period.
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