This is very standard in the industry. With 100 clients and over 10 years, I assume I can confidently state that this is perfectly normal.
I can assure you that 90 days is NOT normal. You are taking advantage of your vendors by making them bear the burden of your extremely liberal billing practices. If you want to allow your clients to take their sweet time paying you - that is your prerogative, but you should be paying your abstractors according to their terms. If you cannot afford to pay your abstractors until you get paid - you are underfunded and should not be ordering work you cannot afford to pay for.
It is only a matter of time until you lose a client and are unable to collect from them... then what? You just tell your abstractors that you didn't get paid, so they don't get paid. YOU order the work - YOU should be paying for it when the invoice is due.
Best,
Robert A. Franco
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