SMEs have to wait an average of 41 days longer than the time scale for payment agreed with their customers before receiving payments, while £24billion is owed to SMEs at any one time. Recent research shows that that 37 per cent of late payers take between one and three months to pay invoices.
In this first of Two Video’s, Graham discusses the “Essential Strategies” for getting paid on time and in this current economic climate many businesses are finding it tough.