Small businesses being used as ‘cheap form of finance’ by larger ones: late payment inquiry
By James Harkness · 13 April 2017 · Finance
By James Harkness · 13 April 2017 · Finance
Australian small businesses are being used as a 'cheap form of finance' by larger organisations, but a new report reveals the shocking truth behind this practice. Find out how this affects your cash flow and what you can do about it.
By extending payment times to small businesses in the supply chain, large Australian and multinational organisations are effectively using them as ‘a cheap form of finance’, according to a new report by the Small Business and Family Enterprise Ombudsman (ASBFEO). The report, which responds to the Ombudsman’s inquiry into payment times and practices, highlighted the […]