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Ironic we nearly went under a few times during the early days because our customers (tier 1 telecoms and financial firms) would drag their heels for months and months over invoices many magnitudes less than this.

Makes me wonder what's up with the process at these firms - wish we knew enough to say whether they're the exception or the rule.



By delaying any and all payments to vendors, you free up cashflow. It is in the company's best interest to hold off payment as long as they can.


Except that you create a toxic environment inside your accounts team, who have to constantly deal with incoming calls demanding money.

And if you're the kind of organization that makes a process out of paying each vendor as late as possible (I mean beyond the agreed terms) - which some do - then you'e likely a shitty org in many other ways too.




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