Bev Route

News and Insights for Alcoholic Beverage Importers & Distributors

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Operations and Management

Proven Ways to Get Your Payments in Full and On Time, Every Time.

Tips for distilleries, wineries and breweries to minimize the chances of running into unpaid receivables and at the same time enhance their chances of receiving overdue invoices.

06/02/2017

Photo for: Proven Ways to Get Your Payments in Full and On Time, Every Time.

One of the major challenges that confront beverage businesses is the high risk of not getting paid even after exchanging benefits and security based on the contract services offered by a distribution company. Suppliers that offer their services to distribution companies in the US often go through difficult times because a great percentage of the deals are based on “promise to pay”, forcing suppliers to run their business based on the paying capacity of the buyer. A long standing working relationship is a function of each party’s willingness to adhere to the terms of contract, but failed promises are sometimes inevitable.

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