With slow payment and insolvent debtors
being two of the biggest problems facing small businesses,
ags is advising local companies to take advantage of a
beneficial service.
Payment Against Invoiced Debtors (PAID)
is a service available as part of The Credit Protection
Association plc (CPA). ags has been advising an increasing
number of local clients to take advantage of this service
as late payments continue to affect the cash flow and
profitability of the thousands of small businesses which
operate in the region.
Small businesses in particular can
be dramatically affected by the “late payment”
culture we so often experience. Many businesses have thousands
of pounds owed to them at any given moment and this can
restrict their growth or even their survival.
We have therefore been advising clients
to take advantage of the PAID service which provides an
effective credit management solution. PAID ensures you
will be paid by debtors, allowing you to make credit decisions
more easily, avoid chasing invoices and enjoy peace of
mind.
With insolvencies being at an
all time high, debts are becoming even more of a worry
as many businesses find they are never paid if their debtor
is declared bankrupt. However through PAID you should
always be guaranteed payment.”
For more information contact
AGS on 01902 717 175.
