The Better Payment Practice Group (BPPG) has launched a new version of its popular credit management guide and wallchart. The free guide contains updated information to help both suppliers and buyers tackle late payment. The wallchart, to be used alongside the guide, helps firms to allocate the right resources to chasing debts.
Almost 200,000 copies of the previous guide and wallchart were issued, and it is hoped that the new material will prove equally popular with businesses.
The Better Payment Practice Guide To Paying And Being Paid On Time provides advice for suppliers on credit checking new customers, managing credit risk and collecting payments promptly. It also offers advice to buyers on fostering good relationships with suppliers, and operating a positive payment policy. The guide reminds firms of the ethical and economic implications of deliberately paying late and sets out actions to encourage a culture of prompt payment.
