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Supplier / Employee Obligations

KEEP ON TOP OF YOUR OBLIGATIONS TO THE IMPORTANT PEOPLE IN YOUR BUSINESS


Supplier payments

If you now turn payment terms on its head, you’ll see how it reflects on your supply side - you’ve probably paid your suppliers a little after terms at some point. This is a common situation. It may not mean anything at all.

But perhaps it happens often:

What is this doing to your cashflow?
What opportunities are you losing out on by holding up cashflow? Eg. discounts, better terms, deposit on a new product line
What are the flow-on effects to other parts of your business? Eg. Relationships, reputation, loss of more skilled employees


Employee payments

Cashflow problems may make it difficult to pay employees in time. It becomes a case of priorities, and perhaps as you keep chalking up more debt, you’ve had to push employee wages down a notch.
It becomes a vicious cycle. And a risky one: employees can get Fair Work Australia involved. Orders to pay, and even court may become a reality.
Even worse is the risk of losing the trust, motivation, and loyalty of your best employees.

What we’ll do is:

  • Help you improve and set up systems that work together
  • Offer ways to quickly deal with missed employee payments
  • Understand you and your business: past, present, and future goals, activities, and financials
  • Focus on maintaining positive relationships and goodwill
  • Respect your place in the driver’s seat: we guide, you decide

We’ll help you reframe your approach from panic, pessimistic, and reactive, to proactive, positive, and confident.

Find out  whether we’re a good fit . Then  book in  for a chat.