The challenge of late-paying B2B customers: an action plan
Businesses now have to wait 59 days on average to be paid for
sold goods and services. What approaches can help them offset the impact of such sluggish payment practices?
What is financial risk and how can it be controlled?
Financial risk refers to the possibility of losing money and is an inherent part of any business venture. Good financial risk management involves identifying potential risks, assessing how much risk can be absorbed, mitigating the identified risks, and controlling a variety of risks, using a range of different methods.
Payment schedule is an agreement between the buyer and the seller which defines when and how credit will be repaid. Read to learn more about payment schedules.
Credit protection is used to protect against the risk of non-payment by a customer. A business concerned about the risk of default or non-payment can draw up an agreement with a company such as Allianz Trade to provide credit protection services