Blog post -
When do you decide you cannot continue with a business anymore?
The Ogdensburg International Airport has been seeing delayed payments for its security force from the OBPA, the city’s bridge and port authority. OBPA is already three months behind on payments. This is an unfortunate case in which the payer and the payee are both struggling for cash.
RIABU’s Simon Littlewood and Mark Laudi talk about what you should do if your operations are three months overdue on payments to your suppliers, and at what point to decide that you cannot continue with the business anymore.
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.