Lord Mandelson: 'Why all businesses must tackle late payment'
One of the biggest challenges faced by every small business in managing their cashflow is late payment
One of the biggest challenges faced by every small business in managing their cashflow is late payment. It can be the difference between success and failure for any company, regardless of the size of its order book, especially in today's challenging economic climate.
The average payment is now made around 23 days beyond agreed terms and one in four companies fails because of this. At a time when businesses should be investing in innovative new products, services and staff, they are instead spending time chasing payments and that is simply unacceptable.
Full story >
|