Friday, July 17, 2009

Further reflection on the Verizon Business Checkbook Credit

I think this is one of those rare instances where a small business has an advantage over a large, or even medium business.

Think about it.

You've got a company of, say, 50 employees. The controller/COO/VP ops/whomever signs a contract. Payables gets a copy of it and references it when the first bill comes in. VP, probably not going to concern himself with riding herd on a vendor for three months over $50. Payables? Probably too overworked to make more than a passing note of it.

*Maybe*, 3 months later they think to call and complain when they don't get their credit. So they get stonewalled.

By the five month point? Nobody's gonna remember that shit. Probably somebody has come or gone in one position or another. This bill's the same as last month? Pay it.

Unless your company is really watching every penny, and/or the people paying the bills have a personal stake in the corporate finances, Verizon Business is gonna gitcha!

I wonder just how much they make on this in a year?

Have to see if there's an "Income Derived from Grifting" line on their Annual Report...

No comments:

Post a Comment