4 ms·
When you say "delay on payables", do you mean not paying you for agreed-upon already-completed work, or do you mean not giving you new work right now?
by chaosite 4y ago
When you say "delay on payables", do you mean not paying you for agreed-upon already-completed work, or do you mean not giving you new work right now?
- tptacek 4y agoI mean that some of your most lucrative clients will take forever to pay out invoices.
- Lutger 4y agoThis is often deliberate. Postponing payment of invoices means you have at any given time a larger warchest to invest and gain an edge, or conversely have to pay more interest. CFOs often set a target and push back on swift payments. Some companies even risk lawsuits to be able to not pay the bill just yet, though it obviously depends on context what you can get away with and what harms your reputation too much.
- ensemblehq 4y agoThis is just how large enterprises work. Nothing deliberate. They operate in longer cycles.
- WastingMyTime89 4y agoTo give you an extreme example, I have worked as part of a team of consultants for various state owned companies in the past four years. They take up to six months to clear your payment but I have never ever seen them not pay and once you are in both the bureaucracy and the environment are so complex that given onboarding costs you get a steady amount of work for years.