Late payments to SMEs from debtors is painful, but there are ways to avoid it, advises KeshMahinder Singh, President and CEO of Kollect Systems Sdn Bhd.
RAM Credit Info reminds SMEs that credit checks are necessary to ensure that their customers are trustworthy enough to pay them back.
Speakers at MALAYSIA SME ® event explain how SMEs can cope with trade credit woes.
One of the biggest struggles SMEs face is cash fl ow and late payments, says RAMCI.
RAMCI provides added assurance for SMEs to do business while minimising risk.
Datuk Michael Kang talks about what needs to be done for SMEs to resolve trade credit and prompt payment issues.
As debtors hold out on payment, some SMEs are struggling with cash flow. This hits their own suppliers and creditors, and has a negative trickle-down effect on the supply chain.
A ground-breaking survey by the MALAYSIA SME ® Media Group and INTI International University and Colleges reveals that SMEs are badly hit by late payments.