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Late Payments

Banking

Open banking could be the late payment solution for businesses

The average small business spends £90,000 a year chasing overdue payments in lost time and manpower. And the late payment problem is getting worse. Open banking could provide frictionless, instant payments, says Nick Raper

News

Report reveals poor payment practices from these big names

A new government report reveals how long it takes some of the UK's major high street names to pay small suppliers.

Financial Management

Pure invoice financing growth slows

Invoice finance is usually preferred by companies who generate seasonal revenue.

Financial Management

A step in the right direction to ensuring quicker payments for SMEs

The government’s guidelines, although welcome, mainly only serves as a starting point, says Crossflow Payments' Tony Duggan. He writes about what more can be done to make it easier for SMEs to combat late payments.

Financial Management

How to deal with late payments

Late payments may be the blight of growing businesses across the UK, but according to Funding Options' Conrad Ford, managing these delays comes down to process. Here's why.

News

New FSB report shows devastating impact of late payments

The FSB has published a comprehensive report looking at the way small firms and the wider economy are affected by poor payment practice.

Financial Management

Bad client debt: 11 early warning signs

When good clients go bad. Here's how you can tell whether you'll be paid late or not at all.

Financial Management

Will big business payment terms ever change?

Do you spend an average of 10 per cent of your day chasing late payments? Xero's Gary Turner explains what lies at the root of this systemic problem.

Financial Management

Ancient handwriting discovered – and its a demand for late payment

Recently excavated ancient wooden tablets reveal that the problem of late payments is as old as trade itself. Samantha White, CEO of My Credit Controllers writes

News

Late payment lawsuits may no longer be an option

​A legal change that came into effect in April this year means that many businesses will not be able to claim unpaid invoices if a supplier goes bust or doesn't pay. Where does this leave SMEs?|​A legal change that came into effect in April this year means that many businesses will not be able to claim unpaid invoices if a supplier goes bust or doesn't pay. Where does this leave SMEs?

Financial Management

Chasing payment – don’t get left behind

Late payment is the long-standing scourge of growing businesses. John Atkinson, managing director at Hitachi Capital Invoice Finance, shares a checklist for businesses to get outstanding invoices paid on time.

News

More than three-quarters of businesses make late payments to suppliers

More than three-quarters (78%) of businesses in the UK make late payments to suppliers, according to research compiled by Concur.

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