Late payments can be crippling for SMEs, but the construction industry is fighting back. Can they lead the way for business-wide reform?.
In the last 150 years, the nature of commerce has changed monumentally. Consumerism and migration meant a wider pool of customers but more risk, and lending credit became more fraught for merchants.
When it comes to choosing the right supplier, it pays to be apprehensive, and even more so to be proactive. It’s not simply a question of picking the company that’s most cost-effective, or the contractor who impressed you the most.
Fraud accounts for approximately five percent of lost revenue in the average organisation. Assessing the dangers to themselves and their clients is without question the biggest challenge for risk managers.