If you are Roustan executive or executive from any other company you must take this to consideration. According to recent studies 85% of companies consider late payment as an unethical business practice. We can say without any chance of error that non payment is 100% non-ethical and can seriously damaged any business small or big.

If you are Roustan executive or executive from any other company you must take this to consideration. According to recent studies 85% of companies consider late payment as an unethical business practice. We can say without any chance of error that non payment is 100% non-ethical and can seriously damaged any business small or big.

Let’s see beside being ethically wrong what the practice of paying later than the agreed terms can bring to your business.

• Business paying late is weak and develops a very bad reputation;
• Relations with suppliers will be seriously damaged and finally lead to the loss of a valued supplier;
• Insecurity can result in lowering productivity and eventually the lost of valuable employees.
• Late payment is generally an indication for business in difficulties – That impression will make the supplier offering less attractive credit terms or no credit at all;
• That kind of behavior also weakens the whole economy and affect the general growth.

Remember that paying on time is an important responsability for all businesses so it is for Roustan United. It is beneficial for suppier as it is for them. The short term interest of the late payment culture will never cover the harms made of the opposite, eventually the profit margin will be affected.

Finding reliable supplier is an important part of developping business. Paying late will bring negative effect on your business and your reputation as administrator. The next article concerning that subject will be case study on Roustan United.