Lean Process in Broadcasting

[landtuna]

Much of the delay in getting paid was intentional and was called "playing the float".  The "float" is the time it takes a paper check to travel from the payer to the payee.  During this time the funds are technically available to be used for another purpose.  I once worked for a Fortune 100 company, based in Silicon Valley, who used an East Coast bank in order to float their payroll for 3 days per pay cycle.  The money earned on the float was significant.

[TomT]

Then there are the small agencies, who must all have houseboats....they'll float along for months on our money!

[secondchoice]

Has anyone ever sent a slow paying agency's client the bill.  Especially if it is more than 90 days old?

[TheBigA]

Has anyone ever sent a slow paying agency's client the bill.  Especially if it is more than 90 days old?

I may have done worse than that.  I had one client who was 6 months late.  I was about to call in the collection folks.  Before I did that, I spoke (confidentially) with some other business associates of the client to get some inside scoop on what was going on internally.  Glad I did, because they ultimately paid me once they knew their reputation was at stake.