A quarter of firms offer an early payment discount

August 2005
Credit Control;2005, Vol. 26 Issue 8, p36
Trade Publication
The article reports on the results of a survey conducted by the Better Payment Practice Group which reveals that a quarter of companies in Great Britain offer a prompt payment discount to their customers. This trend is higher among smaller companies than larger firms. Two-fifths of respondents with between 10 to 49 employees said they offer prompt payment discounts.


Related Articles

  • P&A Launches survey of global payment trends.  // Credit Management;Mar2011, p9 

    The article reports on the launch of a survey on global payment trends to help businesses weigh up the trading risks in different sectors by P&A Receivables PLC and Sheffield Hallam University's Business School.

  • It's a Personnel Problem Government Staffing Issues Causing Payment Delays in Middle East. Barron, Jacob // Business Credit;May2008, Vol. 110 Issue 5, p58 

    The article focuses on the government staffing issues in the U.S. that caused payment delays in Middle East. It is said that for many companies who are selling into government contracting hotbeds like Afghanistan and Iraq, an increase in turn-over on the part of the government has apparently led...

  • GETTING PAID. Brown, Carolyn M. // Black Enterprise;Dec2004, Vol. 35 Issue 5, p65 

    Presents collection tips for businesses in handling slow or non-paying clients. Provision of discounts for invoices paid before the due date; Maintenance of detailed notes for every customer transaction; Reminder of payments before the deadline.

  • Discounts for paying early.  // Credit Management;Mar2006, p12 

    The article focuses on the survey conducted by Better Payment Practice Group wherein it contended that a quarter of companies offer a prompt payment discount to their customers in Great Britain. Smaller companies were most likely to offer a discount while large companies with over 250 staff were...

  • CREDIT MANAGEMENT. Livingstone, Godfrey; Fifield, Sarah // Chartered Accountants Journal;Apr2000, Vol. 79 Issue 3, p81 

    Examines the cost of prompt-payment discounts for companies and its implications for credit managers. Psychological perspectives on prompt-payment discounts and late-payment interest; Levels at which prompt-payment discounts work.

  • Reward staff for meeting collection goals with patients now paying 'less than ever'  // Hospital Access Management;Aug2009, Vol. 28 Issue 8, p85 

    The article focuses on the issue of improving the collection of payments from patients in the U.S. It presents statements from patient accounts experts where some of them stressed the importance of the patient financial service department in improving the payment collection. Some of them have...

  • Accelerating debt collection. Hirst, Sue // NZ Business;Oct2010, Vol. 24 Issue 9, p48 

    The article discusses the various issues in debt collection that confront business owners. It offers four tips on how to follow up on slow payers, including the establishment of a proactive system to manage collection, establishing a strict time-based system for sending reminders to customers,...

  • Statutory penalties for slow payers?  // Accountancy;Sep88, Vol. 102 Issue 1141, p156 

    Discusses the Department of Employment in Great Britain's booklet, titled `Prompt Payment Please,' which aims to make a contribution to easing the problem of late payers by giving advice to small firms on topics like credit management and correct invoicing. Findings of the Dun & Bradstreet's...

  • One man's meat is another man's poison.  // Credit Management;Jan2012, p4 

    The author discusses the Directive on Late Payment in Europe. He says that the directive discusses the right payment terms if these are not agreed in the contract. He emphasizes that the inclusion of a clause that will allow a supplier to recover actual debt recovery costs does not serve as an...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics