Payment Terms

How to Chase an Overdue Invoice

How to Chase an Overdue Invoice

Unless you have the luxury of an in-house credit controller - which is something even some larger firms can't afford…
Late payment forces SMEs to become ‘interest-free lenders’

Late payment forces SMEs to become ‘interest-free lenders’

Many small to medium-sized enterprises (SMEs) across the UK are effectively being forced to loan money to large firms interest-free,…
Global Payment Terms Can be a Hindrance to SMEs

Global Payment Terms Can be a Hindrance to SMEs

Many SMEs are aware of the importance of a 'level playing field' when it comes to prompt payments - including…
PCG suggest anonymous ‘name and shame’ hotline for late payment

PCG suggest anonymous ‘name and shame’ hotline for late payment

The Professional Contractors Group have called for an anonymous hotline to be created, allowing small business owners to 'name and…
Prompt Payment Code fails to stop large firms making slow payments

Prompt Payment Code fails to stop large firms making slow payments

Slow payments represent a substantial risk to small and medium-sized businesses, who must often meet the cost of materials and…
Local Authorities Urged to ‘Manage Debt Collection More Responsibly’

Local Authorities Urged to ‘Manage Debt Collection More Responsibly’

Local authorities have been urged to manage their debt collection processes more responsibly, in order to cut down on the…
Carillion on 120-day payment terms and the Supply Chain Finance Scheme

Carillion on 120-day payment terms and the Supply Chain Finance Scheme

Remember our old friend the Supply Chain Finance Scheme? Well, in the past couple of weeks, it's been making headlines…
How to Chase Late Payments From Overseas Clients

How to Chase Late Payments From Overseas Clients

Many small businesses are caught out when clients refuse to pay their invoices. For a small startup, a handful of…
Late Payment Battle Lines Drawn, Reports Telegraph

Late Payment Battle Lines Drawn, Reports Telegraph

The Daily and Sunday Telegraph have launched a series of articles reporting on late payments - and on the battle…
Payment Terms – ICM & BIS Managing Cashflow Series Part Two

Payment Terms – ICM & BIS Managing Cashflow Series Part Two

After ensuring your company really knows your customer, knowing when you can expect your invoices to be paid is the…

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