Blog post -

Importance of credit policy

In order to get paid on time, we need to be able to establish the credit policy early, at the start of the agreement.

But some suppliers might think it will interfere with their process of selling their service if they were to reveal their credit policy at the start.

What can we do to ensure that all terms and conditions are clear to the parties involved at the beginning?

In this podcast, RIABU's Simon Littlewood and Mark Laudi discuss the importance of drafting a credit policy when you start a relationship with a customer.

Click here to listen to the full podcast.

Topics

  • Business enterprise, General

Contacts

Related content

  • South Africa's SMEs want stricter rules to ensure timely payment


    More than 95% of registered businesses in the world are small in size and employ 60% to 70% of the entire working population. But South Africa’s small, micro and medium enterprises (SMMEs) provide jobs to only 28% of the country’s workforce. That is partly because the government and large corporations dominate job creation there.
    South Africa’s government wants to change this. Its National

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