Joint Check Agreements – Not a Silver Bullet

Joint check agreements, or joint pay agreements, are a common credit management device, and can be an excellent tool to make sure that you get paid when your customer does. In most cases, however, they do not create a situation where you can seek money directly from the general contractor. In order to use them effectively, it is important to …

Are Customer Payments Coming In Slower Today?

While talking with business clients about customer payments, there is a common thread beginning to appear. Customers are taking longer to pay their accounts. These are not the financially risky or new customers. These are the financially strong long term customers. Many companies are starting to stretch out their payment terms with their suppliers. Many times, the customers are adding …