The UK, like many other nations, suffers from a serious late payments problem. Despite the introduction of the payment practices and performance reporting (PPPR) regulations last April, change has not materialised. Below Chris Robertson, UK CEO at Creditsafe, explains a few ways forward. As politicians, journalists and the business community circle around the remains of Carillion, reflecting […]
Slow internal processes and a lack of automation are among the biggest challenges for businesses when it comes to paying their suppliers on time, according to new research by Tungsten Network and the Institute of Finance and Management (IOFM). The Friction Index research found that almost half (47%) of businesses admit that at least one […]
Cash flow. No matter the size of the organisation, these two words are vital to the success of any business. Major PLCs and micro SMEs all rely on capital to support sustainable growth, yet still businesses of all sizes are blighted by late payments. The legal sector in particular has been cited as a key […]
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