Implements aiding to control late payments effectively in small and medium sized businessess

Abstract

As economy’s cycle is changing, enterprises experience major risk. In such cases timely revenues are vital for companies’ existence. Delayed debts can cause great negative influence on enterprises financial index and reputation. In this article implements, that can help to small and medium businesses to ensure their payments, are analysed. Chosen implements are popular in west countries and are used widely. In this article possibilities to use these implements in internal Lithuania market are ana-lysed. Main criteria used for implements selection was small price, effectiveness and short return period. At the end of the article conclusions are made.