Hi P, From the 3-8-15 newsletter. The Finance staff contributes...

Hi P,

From the 3-8-15 newsletter.

The Finance staff contributes in almost every step of the sales process. Part of that process is vetting our customers through the customer credit application process, and by extension setting credit terms for their orders. The industry standard for these terms is typically 30 to 120 days after receipt of goods. Deciding on payment terms is a balancing act between managing potential credit risk and staying competitive within the market

http://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTUUC6g+6pmGMuJlJ2/k=

Since this was released, they have also stated that they are tightening the reins on payments.

Everyone needs to remember that it's a snow ball effect.

It doesn't matter if we don't get paid this month or next month (I'm only talking from the military) once the payments start it will be continuous until we fill our orders.

Other revenue will be our source of income so worrying about if the military revenue comes through this month or next at that stage ( 8-10 months down the track) shouldn't bother us to much.

Alexium will obviously invoice the primary uniform supplier as soon as they receive our products.

This conversation about payment has derailed a bit, it was originally brought up to let @gsad know that the DoD pay prime contractors and subcontractors get paid through them.

Alexiums payment terms will not be altered by this.

Cheers.