Global suppliers face cash flow hurdles with delayed payments, while buyers grapple with inefficient processes. A data-driven strategy accelerates B2B payments, enhancing working capital for mutual benefit.
2021 has been yet another tough year for British businesses of all sizes. And it is SMEs who are impacted the worst, whilst larger companies fare better.
Working capital is the lifeblood of businesses within the global economy. However, large buyers and small suppliers often clash over time taken to pay.
Since the Carillon disaster last year, political pressure has been mounting on the large corporates and, in particular, the length of the payment terms offered to suppliers.