Blog post -
The mysterious case of Thomas Cook's collapse
Travel company Thomas Cook shocked everyone when they recently announced they were filing for bankruptcy, leaving 150,000 of its customers waking up in foreign countries without a ride home.
It was not a victim of late payments as it had a lot of customers who paid upfront for their holiday packages. But it still went bust.
Surprisingly, the company actually ran out of cash.
RIABU's Mark Laudi and Simon Littlewood discuss the real reasons why Thomas Cook went under.
Click here to listen to the full podcast.
RIABU helps companies of all sizes – but especially SMEs – be first in line to get paid. We provide you with insights into the past payment conduct of prospects and customers, and how long they are likely to take to pay their invoices, based on the experiences of other suppliers. RIABU also helps you to get paid on time in the future, by giving you access to the RIABU Academy. There you can find expert advice, best practice guides, and peer forums to improve your policies and processes and ensure you get paid faster.