Subscribe to our blog
WEBINAR
How to weaponise your supply chain with the right payment solution
During this webinar you’ll learn:
- What digital solutions can help build your competitive advantage
- How to negotiate more favourable payment terms and extensions on your existing terms
- How to use early settlement discounts to deliver benefits to both buyer and supplier
- How to identify the right payment service provider that will grow with your business
Late payments are still a major concern for Australian businesses, with nearly 94% of businesses experiencing this issue in the past year(Atradius, 2023).
This is evidenced by the fact that over half of all B2B receivables remain overdue, and on average, businesses have to wait 24 days to be paid (Xero, 2023). A result of inefficient and manual payment processes that prevent businesses from paying each other correctly, and on time. And when invoices continue to be paid late, it causes significant cash flow problems for businesses, disrupt operations, and can even lead to business failure.