Er Rational musings #103

Er Rational musings #103



Corporate techniques...



Delaying the payment of the vendor has become an Integral part of company executive. (Generally speaking!)



Bigger the corporate house, greater the ideas/reasons for procrastinating.



Zero date starts



Submission of the invoice to concerned technial person. He will be invariably busy, even to check the correctness, before acceptance. After few days, he'll revert, pointing out some mistakes. Invoice corrected n resubmitted.



Then the invoice will reach concerned commercial person. He will sit on it for few days. Here, there is a scope for mistakes in claiming service tax/VAT etc. If nothing could be found, he tries making entry into company's SAP system. Most likely, there would be some issue in SAP. Vendor code n all may be incorrect. After struggling with the system, finally bill details get enteted into it.



By this time, due payment date as mentioned in the Work Order/Purchase Order, is already over. So that becomes irrelevant.



Thern, there would be Funds problem. Then there would be problems in the netbanking details provided by you. Then, something or other.



In the meanwhile, you would have done tremendous followup thru' phone calls, meetings, emails n all. And would have exhausted!



If you are a 'One Time' vendor, then you have it. If you are a regular vendor kind of, you would consider yourself lucky, if the payment is released anytime between 4 to 6 months from initial submission date.



And if you have 3-4 such clients, then just imagine...

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मिलिंद काळे, 12th November 2015