Tag: Payments

Navigating customers’ online portals can be challenging enough as is, but when it comes to managing customers internationally, confusion can increase exponentially. As larger companies increasingly rely on online portals to handle billing and invoicing, credit managers may find themselves devoting more time to learning exactly how they fit into these systems.

Louisiana Governor Jeff Landry signed into effect two new laws reshaping payment protocol during construction projects and expanding on defenses afforded to sureties. The two laws grant sureties a new defense against nonpayment claims previously reserved for general contractors and detail a timeline for material suppliers sending notices for missed payments. 

Late payments can be a headache for even the most successful businesses in any industry—putting cash flow, customer relationships and business costs at risk. While most companies use late fees or other penalties to encourage their customers to timely pay, early payment discounts can also be a successful strategy to ensure timely (or early) payments.