Mink Coat and No Knickers
and Merry Christmas to you all too. We don't normally give a shout out to the Accounts and Numbers people in our lives - unloved and unwashed as they are. We, as have every other company on the planet, have been embedding AI systems into our internal accounts for 4 years now. This has allowed us to reduce our accounts activity to just 40 minutes each day for 1 person - down from 3 people. 'Way hey' you might say - or 'what a shite flex etc'. So what is the benefit for you - my lovely suppliers (and customers)?
Well it means we pay our suppliers the same day as we receive the invoice: zero days; nada. Every Business School would be running from this with their head on fire shouting 'NO - are you mad?' Well - a little perhaps. It means we miss out on millions of pounds of your cash - we do not use you as our bank.
We owe nobody anything - nor have we since 1997. It does mean we have Knickers and we observe most of our competition 'On Stop' or without supply this Christmas whilst walzing around in a Mink Coat. We have lost count of the number or our suppliers that tell us of the manufacturing companies that do not pay them or do not have a proverbial pot to piss in. Not us - that is not our way. We love all of our suppliers and when they give us good service and good products they are paid - SAME DAY.
Merry Christmas and raise a toast to 'Newton Trailers' (who is the one who pays you same day).
Posted by Andrew on 18/12/2024
