Relations between customer and supplier can become strained if payments are late. Such tension is harmful to fruitful dealings between the two parties, posing a threat to the entire business relationship.
To prevent late payment turning into non-payment, culminating in lengthy and expensive legal proceedings, certain mistakes are to be avoided. The situation requires understanding and tact and demonstrates the benefits of using an intermediary to maintain good relations in order to appease the tension between customers and suppliers.
Listen to our podcast on Soundcloud: How to detect signs of non-payment