In this feature, KeshMahinder Singh, CEO & President of Kollect Systems Sdn Bhd addresses the perennial payment collections challenge SME businesses face in today’s world. As an expert in the area of Revenue Collection and Debt Management gained from consulting the Banking and Finance industry, Kesh shares how AR collection automation technology can help improve […]
Trade credit is probably the easiest and most important source of short-term finance available to businesses. It is a helpful tool for growing businesses, when favorable terms are agreed with a business’s supplier. This arrangement effectively puts less pressure on cashflow that immediate payment would make. However, late payment is still something that is hard […]
Late payments to SMEs from debtors is painful, but there are ways to avoid it, advises KeshMahinder Singh, President and CEO of Kollect Systems Sdn Bhd It is not breaking news that the entrenched culture of late payments is badly affecting Malaysian SMEs. The decades old practice of paying late has caused SMEs to face […]
In its simplest form, the term ‘trade credit’ refers to credit extended to you by a supplier, who allows you to buy now and pay later. While trade credit is considered essential to business growth, it has become a challenge for Malaysian SMEs, who end up being squeezed between clients who fail to pay on […]
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