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0 pointsjcims6y ago0 comments

Ran a very small security consultancy. The bigger the company the worse they were at paying at the agreed upon timeframe. (Looking at you Toyota)

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jeswin6y ago

Same experience here in India. Larger companies (with $billions in revenue) pay in 1-3 months. Small/medium companies pay in a week.

The problem is that in big companies, nobody really owns anything. So you're going to have to chase a whole bunch of people and processes, from finance to compliance to HR. And it's not individually any single person's fault.

the-dude6y ago

You seem to suggest the paying-late is a symptom of the org, my experience is different : I happen to know certain big corporations have departments making sure bills are paid as late as possible, including haggling the invoices down.

jjeaff6y ago

Paying late is corporate finance 101. Or at least 201. I remember building spreadsheets in class showing the difference in paying bills on time vs net 30, 60, 90. The difference is pretty significant when dealing with large numbers.

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