The management of the treasury is one of the most crucial aspects to ensure the sustainability and profitability of undertakings of BTP (building and public works) in france. With projects that often last several months or even years, and payment terms often long, it is imperative to manage financial flows well to guarantee financial health of the company. In this article, we will explore the various methods and solutions to optimize corporate treasury, reduce the late payments, and improve payment management.
For a venture of construction, the management of treasury is essential to ensure the fluidity of its daily operations. Poorly managed cash flow can lead to financial problems severe, such as the inability to Pay your suppliers on time, or even difficulties in paying employee salaries. The risk of a bad tracking Of payouts is a crucial factor that can affect the long-term viability of the business.
Delays in paying invoices can also jeopardize a company's ability to meet its own financial commitments. It is therefore necessary to have a proactive management cash flow to avoid everything risk of Delay In the settling claims and debts. A management rigorous ofthe treasury allows the company to stay liquid and to maintain a activity stable, even during difficult times.
The sector Construction and public works have particularly long payment terms. On average, the payment terms may take more than 60 to 90 days after the issuance of the invoice. En france, these delays can reach a critical level, with a ratings of delays of payout very high in some areas. According to a study, approximately 40% of businesses in the construction sector report hardships due to late payments.
These Delay and late payments can have serious consequences for construction companies, especially for smaller companies that do not always have the financial resources to deal with outstanding claims. The Delay in the payment of invoices may also affect the relationship with patrons And the vendors, thus altering the financial situation overall business.
It is crucial to establish commercial relationships from the very beginning terms of payment clear and precise, especially with regard to timeframes payments granted. For example, a venture of BTP may choose to request a Down payment from 30 to 50% at the signing of the contract, followed by payments as the work progresses, and a balance upon delivery of the work. These conditions must be Written and accepted by both parties in order to avoid any future disputes.
The use of a software of management of treasury And of electronic invoicing is an effective solution to track payouts and avoid delays. These tools make it possible to issue invoices in an automated way and to track payments in real time. In addition, modern software can also send automatic reminders in case of late payment.
Les late payments are often unavoidable, but it is important to react quickly. When an invoice is not paid within days after emission, the company must carry out Reminders systematic. Reminders can start with a simple requisition of clarification, and then become more and more insistent. If the situation persists, late payment penalties must be applied, in accordance with contractual conditions, to encourage the customer to pay indebtedness.
Some businesses choose to use solutions from financing, such as factoring, to deal with excessively long payment terms. This solution makes it possible to assign claims to a bank or a factoring company, which advances a large part of the invoice amount immediately, in exchange for a commission. This makes it possible to reduce the impact of payment deadlines on the treasury of the company and to secure the settling bills.
Les payment methods Traditional methods, such as checks, can often result in additional delays. On the other hand, the electronic payment or by bank transfer Allows you to settles invoices more quickly. It is therefore recommended to encourage customers to use these payment methods, which guarantee greater speed and securing transactions.
Construction companies can turn to short-term financing solutions Like cash loans to cover their immediate liquidity needs. These loans make it possible to finance wages, material purchases or equipment investments without having to wait for customers to pay for their invoices. However, these loans must be used carefully in order not to unnecessarily put the company in debt.
Les late payment penalties are an effective tool to encourage customers to respect terms of payment. In France, the law requires that late payment penalties are clearly mentioned in the contract, and that they are applied as soon as the days late exceed the fixed date. It is also possible to add collection costs in the event of judicial proceedings or extrajudicial recovery.
In case of late payment, the company must be careful not to lose its upright to claim late payment penalties. Indeed, if the company waits too long before intervening, it could lose the right to claim these penalties, under the statute.
Les late payments have a particularly high impact on small businesses. Indeed, for these companies, even a delay in payment of a few days can endanger their financial situation. According to a study, 50% of small businesses in france are confronted with financial difficulties due to late payments from their customers. For these businesses, the impact of late payments on treasury can lead to serious consequences, such as the inability to honor tax deadlines or social.
La cash management And payment terms is a major challenge for construction companies in France. To avoid late payments and secure their finances, businesses must put in place clear processes for invoicing, the management of payouts, and debt collection. Solutions such as factoring, the use of management software or the optimization of payment methods can be valuable allies in ensuring the financial health of the company. Finally, it is essential to manage The risks financial obligations related to payment terms to guarantee the sustainability and business growth in an increasingly competitive environment.
