Terms of sales as a competitive advantage Corporates often have competing financing interests with the suppliers and customers in their supply chain. Corporates want to pay their suppliers as late as possible. Suppliers want to be paid as early as possible. On the...
One of the best ways to make more money in your business is by selling more of your product or service. There are countless ways to increase sales, depending on your industry, market, business model and goals. When a company sells goods and allows the buyer to pay at...
What is Trade Receivables Securitisation? Trade Receivables Securitisation (TRS) is a financing solution based on a company’s trade accounts receivable - in other words, invoices issued to clients that are fully payable and enforceable, but not yet at their due date....
The 30-day pay cycle has its origins in the Industrial Revolution. Employees do upfront work and wait to be paid for their labour at the end of the month. By being paid on a monthly cycle, employees in OECD countries are effectively lending their employers $1 trillion...
Payment term legislation More than half of the world's largest economies have some form of legislature to control payment terms large businesses can extend to their suppliers. The majority of these countries have implemented sector-wide regulations, like the EU´s Late...
The ´Pay-in-30´ initiative In an effort to ensure South African SMEs survive the economic crisis brought about by the COVID-19 pandemic, more than 50 large companies have formally committed to paying their SME suppliers in 30 days. The initiative, called “Pay In 30”,...
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