Things just seem to be getting a little tough for Businesses at the moment. Major Banks are reporting a growing number of British firms have fallen behind with their repayments with debt recovery options expanding. This has led to larger companies getting more aggressive and
1) forcing extended credit terms on suppliers
2) demanding discounts on already agreed prices
3) demanding settlement discounts for just paying on time
4) Imposing retrospective rebates for goods already delivered.
5) Using late payment as an easy way of funding their own cash flows.
It
is now more important than ever for small businesses to protect
themselves and ensure invoices are paid on time.This will help them
avoid potential cash flow problems, which, if not addressed quickly
could result in the ultimate closure of their business.
These are extremely worrying developments for the whole business community. Companies should be looking at new business debt collection methods to survive whilst not ignoring a good company credit check.
A new internet based service to help victims of late payments has been launched by DUE2PAY LIMITED which has been specifically designed to help these companies recover their overdue invoices, without the need to go to court, also to share information on companies identified as late payers by fellow members, giving them the opportunity to make more informed decisions in dealing with a particular company.
The service is being offered free on a 60 day trial, after which, normal membership fees will apply. If you are interested please contact DUE2PAY.CO.UK
