On the surface, the banking industry appears steady, structured, and predictable. Money moves in, money moves out, balances reconcile, and invoices get paid. But talk to any vendor working with a financial institution today, and a different story emerges—one that begins not with dollars, but with delays. It often starts with a familiar message: “Still in approval.” “Compliance is reviewing …
For years, the supplier had enjoyed a reliable payment rhythm from one of the largest mining operations in their region. In good years, invoices were paid early. In average years, they were paid on time. Even during occasional dips in demand, payments never drifted more than a week or two. But this time was different. Invoices that once cleared in …
Managing credit risk is an essential aspect of running a successful business. Extending credit to customers can foster growth and strengthen relationships, but it also comes with non-payment risk. To protect your business, it’s crucial to employ legal strategies that mitigate credit risk while ensuring compliance with applicable laws. At Caine & Weiner, we specialize in helping companies to navigate …
