Ann: EdenCrete - US Market Update, page-36

Customers, in any industry are at odds with suppliers in that they will pull every angle to delay payments.

Our company states thirty day terms yet the PO inevitably come in with 60 or 90 days. Then there is the incorrect company’s details which have to be fixed ...every time ,,,, by the multinational marketing company!

At the end of the day they hold on to the invoice until the following month and insist it will be paid this month only to wait until the last possible day. Oh and corporate is in another country so we are waiting for them to approve.

I have seen the frustration our accounts receivable department goes through.