I’m noticing some worrying trends in payment schedules, and curious if it’s just around me or industry wide.

Both clients taking FOREVER to pay agency, and my own agency finance making us jump through SO MANY additional hoops to make sure our poor vendors can actually get paid when they are supposed to.

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And I know… tale as old as time… but to a degree in the last 6-12 months that’s really ramped up unlike I’ve ever seen.

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Are you under a hold co? They will hold onto every penny as long as they possibly can get away with. You basically have to threaten the CFO with legal action, and even then they take forever to pay. The best you can do is over communicate payment terms even before the job is awarded, and make sure your vendors know you have their back.

Nailed it, yep. Agreed this is the culprit agency side.

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