Finish Line: Are Late Payers Weighing Down Your Bottom Line?

摘要

Whether you're involved in metal finishing or widgets, every company is going to have a portion of its customer base who, for whatever reason, has a hard time making payments. The issue is reportedly becoming more pronounced in industries witnessing sharp raw materials and energy cost increases coupled with heightened competition from low-cost and offshore suppliers. While accounts receivables may run 90-120 days for some clients, you may find that others take up to six months and longer to pay their bills, which creates a serious cash crunch, depending on the size of these accounts.